Intra- and interregional flows of business angel investment: mapping the winners and losers across UK regions and core urban economies

Marc Cowling and Ross Brown

Regional Studies, 2025, vol. 59, issue 1, 2355990

Abstract: Hitherto, the literature has largely overlooked the important role business angel finance plays in shaping different regional economies. Using a novel UK dataset, this paper calculates interregional inflows and outflows of business angel investment to identify the net winners and losers in terms of both the number of deals and the cash value of investment flows. We establish that only three regions were net beneficiaries while the other 11 UK regions and cities examined were net losers. The reduction in ‘home bias’ in angel investments may undermine the efficacy of policies aimed at stimulating localised investment and calls for greater demand stimulation policies to help alleviate the problem of ‘thin’ regional markets.

Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/00343404.2024.2355990 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:regstd:v:59:y:2025:i:1:p:2355990

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/CRES20

DOI: 10.1080/00343404.2024.2355990

Access Statistics for this article

Regional Studies is currently edited by Ivan Turok

More articles in Regional Studies from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().