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Inspiring Businesses. BiG provides equity finance and business support expertise to established owner-managers, or potential managers, who can demonstrate growth potential, coupled with good management skills or an established track record.
BiG is able to provide equity funding from £10,000 to £1 million and more. BiG will help businesses of any size, and it will syndicate with other financial partners to offer the best total, balanced-funding package.
During the last ten years, BiG has assisted over 41 companies (80 percent of which are still progressing) and has invested more than £12 million. It has created a vital regional funding source. It has given direction to small and medium size enterprises in the 'North East of England' who are looking to start-up or develop their growth. BiG members also assist in developing entry or exit strategies.
Because of BiG's expertise and high profile networking programme, its members are exceptionally well placed to understand the problems of the entrepreneur. BiG members are also able to provide a wide range of professional skills to assist companies, both pre-and post-investment.
About Us
The Business Investors Group since it was formed in September 1997 has invested in excess of £12 million below are some testimonials of Investments carried out by members of BiG.
Initial Enquiry
An executive summary sheet of the business, its future plans and the funding issues, will be required as a first reference point. This summary should be no longer than one or two A4 sheets. This detail will enable the principal officer to evaluate and summarise the opportunity. An appropriate BiG administration fee may be charged at this stage.
For a new business, an outline or full business plan is also normally required, although help may be provided or a referral made, if requested, should this information not be available at this stage of the opportunity.
First Review Stage
A BiG member will be assigned to the project as lead assessor.
The first review stage will be based on the information supplied, including an interview with the project principal. This process will normally be completed within 14 working days. The information will be made available for other BiG members to examine, and might be sent to specified members by e-mail.
Investment Review Stages
At the Investment review stage, BiG members have a serious interest in the investment opportunity, and further work and due-diligence is required to ascertain the risks involved and the potential of the opportunity. A three-month exclusive period would normally be applied, although this may be waived if other investor organisations are to join the funding consortium.
The Investment Stage
BiG will charge a flat fee of £1,500 when a business opportunity proceeds to a successful investment conclusion. Fees are to cover part of the costs in time, expenses and due-diligence fees incurred. Legal costs will be charged separately, but will be at a fixed-cost level. BiG members invest as individuals, and the names and addresses of all those interested in investing will be provided to the applicant.
In addition, BiG will charge an annual monitoring fee of £250 per annum, billed in advance by Direct Debit.
`BiG reserves the right to appoint a Non-Executive Chairman and /or Non-Executive Directors to the board'.
Response Process
Initial enquiry >
First Review Stage >
Investment Review Stage >
The Investment Stage >
Funding Application Forms
Review charges are:
£150.00 plus VAT for businesses under 2 years old.
£250.00 plus VAT for businesses over 2 years old.
Find Us
BIG Angels
PO BOX 198
Chester-le-Street
Durham
DH3 9AE
Tel:
(0870) 766 9341
Fax:
(0870) 766 9342
E-Mail:
funds@big-angels.co.uk
BIG ANGELS BLOG
1st March 2008
Big Angels invest in Quick TV
QuickTV are a VC funded online technology startup. Founded in late 2006 by Tod Yeadon and Nick Bell, QuickTV is located in Newcastle upon Tyne, UK.
Tom Speir from BIG Angels, who have invested in quickTV joins then as part their management team.
