News

Central England Business Angels is pleased to have introduced the first investment to the Social Impact Co-Investment Fund. It was fortuitous that we were working with Nu Drive, a company producing a new design for wheel chair leveraged propulsion, at the point when FSE approached us with the Social Impact Fund. We immediately saw a match between the social impact of Nu Drive and the need for additional money while preserving equity.

Monday 28th May saw the launch of Lord Young’s report and guide on small business start-ups and enterprise. Lord Young’s report can be accessed:

Medical materials company, CamStent Ltd, has successfully completed a second funding round and Yorkshire Association of Business Angels (YABA) members have played a crucial role in its success.

Following on from the £350,000 raised in the first funding round in July 2011, CamStent aimed to raise a further £400,000 to progress the application of its patented polymer coatings which resist the growth of bacteria in medical devices. The funding round was oversubscribed and closed when applications reached £508,000.

Pure Global Ltd, a Hertfordshire-based social enterprise that have produced the world’s first lever-drive propulsion accessory for manual wheelchairs ‘NuDrive’, have received financing from the Social Impact Co-Investment Fund managed by The FSE Group and lead partner Resonance.