British Business Angels Association

Contact details
British Business Angels Association
20 St. Thomas Street London SE1 9RS2
E-mail: info@bbaa.org.uk
Tel: 0207 403 0300
Fax: 020 7089 0300
Website: www.bbaa.org.uk

 
MISSION STATEMENT and OBJECTIVES of the ORGANISATION

Date of creation : 2004

Mission
The BBAA is the only trade association dedicated to promoting angel investing and supporting early stage investment in the UK.  The BBAA works to create an eco-system to promote and support the early stage investment market, providing a forum for these groups to integrate and share good practice on new developments and trends in early stage investing, development of new services and tools to support the investment process.  BBAA also acts as a voice to Government, stakeholders, business and the media to promote the interests and needs of the angel and early stage investment industry.

Objectives

  • Promoting angel finance as the primary mechanism for new and high growth potential businesses to fund their risk capital requirements.
  • Encouraging contact and the exchange of experience and ideas between angel groups and other sources of funding – most notably VCs.
  • Creating links with other UK trade bodies such as the EISA (Enterprise Investment Scheme Association), CBI, ICAEW (Institute of Chartered Accountants of England and Wales) and the BVCA (British Private Equity and Venture Capital Association) to establish partnerships and facilitate dialogue between these important stakeholders.
  • Forging links to other national associations representing early stage investments such as ACA (US), EBAN (Europe) and ABAN (Middle East).
  • Engaging in regular dialogue government and other opinion formers at a national level to help shape policy for the benefit of the industry.
  • Having an agreed code of conduct for all Members to promote best practice and transparency across the industry.

Activities and benefits
Communication: The BBAA’s website receives over 17,000 unique visitors each month and our searchable on-line directory is free to access by both entrepreneurs and investors.  It also produces a monthly newsletter presenting key development in the industry and offering members the opportunity to publicise deals done, events and news.

Members’ Voice: - the BBAA’s structure allows members the opportunity to join one of our four committees covering: early stage investment; legal and technical issues; policy & research; marketing & communications. Offering members the opportunity to exploit their knowledge and expertise and enabling their company to actively influence policy development, share market intelligence and best practice.

Industry insight and peer networking opportunities - the BBAA hosts a number of major networking events throughout the year, including an Annual Conference, Winter Workshop, Awards Dinner and Networking Dinners, offering opportunities to hear from market leaders, keep abreast of policy and practice in the industry and exchange of experience with your peers- members receive significant discounts at these events.

Lobby and promotion to Government   - through high level connections with Government as well as alliances with other major industry associations, the BBAA is well positioned to ensure that the voice of early stage industry is heard and acted upon. BBAA works closely with the BVCA to promote relations between angels and VC firms.

 
Member Totals
Business Angel Members – 22
VC Members – 20
Professional Service Providers - 28

Number of Business Angels indirectly reached through the BANs
Approximately 5000 Business Angels

Geographical coverage of BBAA
Throughout the UK (excl Scotland)

   
   
For Entrepreneurs
  • What is an angel investor?
  • What are angel groups?
  • How do I find an angel group?
  • What is the difference between angels and Venture Capitalists?
  • How do I know my business is right for an angel group investment?
  • When should I approach an angel group?
 
For Investors
As venture capitalists are moving up the ladder to higher amounts, business angels are increasingly active in the very early stage of companies, and are required to invest in several rounds of financing for the same company as there is a lack of follow-on investment. This new equity gap concerns amounts from 1 million to 3 million €, depending on the country.