A new ‘Institutional Angel’ fund is an example of the UK’s continuing ability to innovate in venture

The UK’s Enterprise Investment Scheme has been a power-house for startups out of the UK because it allowed Angel investors to invest in a very tax-efficient manner.
Launched in 1994, it was designed to encourage investments in small unquoted companies. As Wikipedia will tell you, by end of the 2014-15 tax year, a cumulative total of £14.2 billion had been invested under the scheme into approximately 25,000 companies, for example.
The policy has been aped and copied by several European governments since. But with the UK’s cultural and historic appetite for risk and investing in assets beyond pr

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