The partnership will see the bank and UKBAA- the trade body for angel and early stage investing-pioneer new Angel Hubs, by including local angel investors in the bank’s new entrepreneurial spaces.
By collaborating, Barclay’s will offer business owners a chance to work with a range of experts, providing mentorship and guidance around topics such as funding, as well as access to space in which to develop their ideas.
Barclays Eagle Lab Incubators will specifically target high-growth firms and entrepreneurs, giving fast growing businesses the space and resources to help them succeed.
Richard Heggie, head of high growth and entrepreneurs at Barclays said: “We know that for UK businesses, access to the right types of funding plays a vital role in their growth and this partnership with the UKBAA will help ambitious entrepreneurs.
“We’re pleased to start this partnership in Birmingham, which in turn will also help strengthen the angel community in the region.”
Jenny Tooth, CEO of UK Business Angels Association added: “We are delighted to be launching the first of our regional Angel Hubs at Barclays’ new Eagle Lab in Birmingham.
“This will offer a new focal point to build and connect the angel community, offering opportunities for both existing and would-be angels to drop in and meet fellow investors and develop new syndicates.”
The Birmingham Eagle Lab will open in April as part of Innovation Birmingham.