The D2N2 LEP is looking for an early stage investor to match £4m it has set aside to support investment in early-stage, start-up businesses between six months and two years old.
The LEP wants to establish an early stage angel investment fund to promote equity investment in a core client group where intervention is required to stimulate real opportunity.
The LEP proposes a Limited Partnership fund structure for the Fund in order to deliver the investments. D2N2 is looking for a service provider who will be appointed to establish the Fund (including taking the role of General Partner of the Limited Partnership) and to be responsible for the day-to-day operation, decision-making and management of the Fund (the Fund Manager).
The D2N2 partnership was established in 2010 to cover Derby, Derbyshire, Nottingham, and Nottinghamshire to grow the area’s economy. It is one of the largest LEPs in England, with a population of more than two million people and with an economic output of over £50.5 billion GVA.
