Capital for Enterprise Ltd (CfEl) is proposing to launch a £100m co-investment fund to leverage the potential of business angels as the most significant source of early stage capital in the sub £1m investment market. The fund will aim to act as a “big business angel”, sharing the risk with private investors and investing as a partner alongside angel networks and syndicates with a view to achieving £2 angel investment to match every £1 invested by the fund. The bid for funds is being made to the Regional Growth Fund and if successful the new co-investment fund will be managed by CfEl.