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Council funds Dragons Den-styled scheme

MK Council is investing £35,700 to help aspiring local entrepreneurs secure funding through Dragons Den-styled schemes.

The funding allocated through the Council’s £3.5m Economic Recovery Plan is being shared between Central Arc Angels and the MK Investors Group to run events where local entrepreneurs can pitch their business ideas to potential investors.

While Duncan Bannatyne might not be at the table on this occasion, securing funding from an angel can be life changing for someone with an innovative business idea.

The Council’s funding will help provide training for people looking for investment and those looking to invest in new ventures. The training will cover a range of topics, including how to land the perfect pitch and the key qualities to look out for in budding entrepreneurs.

Central Arc Angels bring together business founders and angel investors through regular pitch events. Run by a steering group of experienced advisors, angel investors and business owners who have great connections within the Central Arc region (Milton Keynes, Buckinghamshire, Bedfordshire, and Northamptonshire).

The MK Investors Group is one of the largest not-for-profit angel networks in the country. Their purpose is to connect early-stage, high-growth startups and SME's with angel investors. The group meets regularly to hear investment pitches and talks from notable speakers, and it is free to attend and pitch.

Further details about upcoming events can be found here:

Deputy Leader of MK Council, Cllr Robin Bradburn said: “MK is brimming with people with fantastic ideas and these investor groups are a real opportunity to take those ideas to the next level. I’d really encourage anyone who has a business idea and needs some financial support to go along to one of these events – it could be life changing.”

Yvette Lamidey, Co-founder Central Arc Angels said: “Central Arc Angels are very pleased to be working closely with Milton Keynes Council on this project. More than ever there’s a clear need for both the training and the events and we're looking forward to facilitating these events and seeing these innovative ideas truly come to life.”

On the funding, MKIG Manager, Amar Chauhan said “This is a great opportunity to grow and develop the network to reach a wider audience and help more startups and SME’s raise vital funds to bounce back from the effects of COVID. As a not-for-profit organisation, this funding will be highly impactful, and we thank MK Council for their assistance.”


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