Budgets and Economic Affairs committees adopted their position on a new EU programme to support investment and access to finance during 2021-2027. The new InvestEU programme, approved on Thursday, follows and replaces the current EFSI (European Fund for Strategic Investments), set up after the financial crisis.

The two committees adopted improvements to the Commission proposal, including:

• increasing the EU budget guarantee to €40.8 billion (current prices) to mobilise more than €698 billion of additional investment across the EU (Commission proposed €38 billion to mobilise €650 billion)

Angel investors tend to be pretty successful people. They didn’t become an angel by taking a ‘back seat’ in life, instead, they often tend to be the person in charge. Being a useful angel, however, tends to require a different approach.

Again, our goal is to become angel investors who act as mentors. We have invested in a founder, ultimately, because we believe in him/her. They could pivot, the market could mutate, but the founder stays the same. If we choose them wisely, that should be the only big decision that we, the angel investor makes. We chose to back the founder and the team. Everything else that follows is mentorship.

Read the full Manifesto - principle 2 on the UKBAA website.