Early stage businesses in Chesterfield to receive support from new funding

A new support fund for businesses which have been trading in our region for between 6-24 months has been officially launched.

D2N2 LEP Chair, Elizabeth Fagan announced the launch of D2N2 LEP’s Early Stage Angel Investment Fund at the UK’s Real Estate Investment and Infrastructure Forum (UKREiiF) in Leeds this week.

Speaking at the interactive panel session ‘Focus on the East Midlands, our Time is Now’, alongside East Midlands Mayor Claire Ward, Elizabeth said:

“I’m delighted to announce today that we are launching our Early Stage Angel Investment Fund here in Leeds at UKREiiF. The purpose of the Fund is to stimulate investment and growth in ‘early stage’ companies – those that have been trading between six and 24 months – that are based in Derby, Derbyshire, Nottingham or Nottinghamshire (the D2N2 region).

“D2N2 LEP is contributing £4 million to the Fund and this will be match-funded by our investment fund manager, Haatch. Our aim is that over the longer term, these funds will be re-invested in the programme, to catalyse investment and growth for further early stage companies.”

The partnership aims to drive economic growth by investing in emerging startups and entrepreneurial talent in the region.

D2N2 LEP is a leading force in driving economic growth and job creation in Derbyshire and Nottinghamshire. Haatch, is a leading venture capital firm known for its entrepreneurial roots and commitment to fostering innovation outside of London.

Over the next two years, the Haatch D2N2 ESAIF will invest in approximately 13 companies providing a significant step forward in unlocking the potential of Nottinghamshire and Derbyshire’s startup ecosystem and driving sustainable economic growth.

Further information about the Fund, visit https://haatch.com/investors/haatch-d2n2-esaif/

Delegates representing Destination Chesterfield and the town’s Property and Construction Group also attended the event in Leeds. Read our recent blog from Destination Chesterfield Manager, Dom Stevens reflecting on the success of the event.

For more information about the current business support on offer to businesses in Chesterfield, go to: https://www.chesterfield.co.uk/business/business-support/

D2N2 LEP supports the marketing and economic growth of the town through Chesterfield Champions, a network of over 200 organisations across Chesterfield and North Derbyshire.