Angels to help UK’s creative start-ups to spread wings
Mr Richard is planning a finance initiative that will provide both debt and equity to new creative businesses that have been through his School for Creative Startups initiative, a social enterprise that provides subsidised training for fledgling entrepreneurs.
“Creative start-ups have been profoundly underserved by [early-stage investors],” Mr Richard said, citing a “huge preoccupation in this country” with technology start-ups. He said the Government’s support for “Tech City”, a cluster of small web companies in east London, was an example.