Successful businesspeople are being urged to become ‘angel investors’ by a firm representing growing companies in Sheffield City Region.
Financial Pulse is launching the group, aiming to fill a funding gap left by high street banks.
Managing director Martin Avison said his job was to get businesses ready so angels could invest.
He added: “It gives entrepreneurs with a proven track record the chance to support fledgling or growing businesses as they take their next steps.
“Access to finance is important for any growing business but alongside that they want advice and access to larger networks of people. Angel investors can provide this.
“Typically, an angel is an entrepreneur or former director of a large company – often people who have succeeded in business as either entrepreneurs or directors in major corporates who still have an appetite for business and want to see other new enterprises flourish.”
Financial Pulse has established groups in Leeds and Hull. The firm takes five per cent of the money raised.
The Sheffield group has the support of law firms Irwin Mitchell and hlw Keeble Hawson.
The first event is at 3pm today at Irwin Mitchell, Sheffield, and includes networking.