It is a free service, available throughout Lincolnshire, encouraging growth investment into local businesses.
Councillor Eddy Poll, Executive Member for Economic Development at Lincolnshire County Council, said: “Helping our small businesses to thrive and grow is vital to the future prosperity of our county.
“However, businesses are telling us they’re still missing out on opportunities for growth because of difficulty in securing funding.”
Andrew Stevenson, Director Research & Enterprise Development at University of Lincoln, said: “In the current economic climate, it’s good for businesses to have more than one route of accessing growth finance.
“An option that often gets over-looked is angel investment. Angel investment or Equity investment, as it is also known, is where a private individual invests money into a business in return for a share.
“This approach is becoming increasingly popular due to shows such as the BBC’s Dragon’s Den programme which has helped raise awareness.”
Lincolnshire Investment Network will officially launch at the Lincolnshire Property & Business Investment Show on the March 21.
At the show, drop-in surgeries will be available for businesses with Russell Copley, who can answer any questions about raising business growth finance.
Russell Copley said: “The majority of angel investors want to leverage the skills and knowledge gained growing and exiting their own businesses to help young businesses with great potential get from A to B quicker.
“They are taking a risk, but ultimately if that risk pays off then they get great satisfaction in being able to say they were a part of that success.
“For business owners the main sacrifice is giving away a share of their business. However, an upside of that is the business angels are taking a risk and even if the business fails then the owner is not expected to repay the investor.
“There aren’t usually any demands of security but investors conduct thorough investigations into the business to ensure that the business is legitimate.”
If you’re looking for funding for a business, or you want investment opportunities, contact Becky Blackmore via email to find out more.
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A senior lecturer recently celebrated the news that East Midlands Railway will increase its train capacity on what he felt was an “overcrowded” service between Lincoln and Leicester.
Amir Badiee lives in Loughborough and for the past seven years has been commuting to his job at the University of Lincoln, but over the last two years he believes the train service has got worse. When he complained back in March he said he didn’t receive any response, but he believes his recent concerns aired in The Lincolnite helped to prompt a positive outcome.
Schools and universities in Lincolnshire recognise the potential benefits, but also the concerns, over the use of artificial intelligence.
The results of the government’s first ever Call for Evidence on Artificial Intelligence in Education’ report were published on Tuesday, November 28. It was open for 10 weeks and closed on August 23 this year, with 567 responses received during that time. Most respondents were “broadly optimistic” about the use of GenAI in education.
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