Pervasive regional inequalities permeate all layers of the UK’s socio-economic landscape, the determinants of which are in part shaped by the relative performance of the respective business populations across different regions and their ability to raise finance (Cowling et al., 2024). Innovative high-tech firms are viewed as key drivers of these regional disparities. This explains why innovative high-tech industries are frequently invoked as central components in many regional economic development strategies. One of the key constituent elements in this equation comprises business angels (BAs) who provide informal risk capital for young, innovative, technology-driven firms.
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Marc Cowling (2024) studied this question.
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