Members should have a desire to help SMEs in the ‘North East of England’ by supplying equity funding and management support to achieve BiG’s aim of assisting management to grow businesses fairly rapidly, multiply turnover and profits, and, hopefully, exit profitably in five years.
Members must fit comfortably within the Group described above; having had a success in business – either as founder, owner, partner or stakeholder.
A member will be an investor who has funds readily available for high-risk investment and who is willing to take a lead role in opportunities. As a guide, members should have readily available risk funds in the region of £20k-£500k or more.
Members must be able to spare some time to help evaluate enquiries, take a non-executive director role and help, where appropriate, with counselling or coaching, and also participate in the support and development of the BiG operation.