A new chapter for cyber innovation investment is emerging – and it starts in Cheltenham.
CyNam, in partnership with HCR Law and funded through the Department for Science, Innovation and Technology (DSIT), has produced a landmark report:
“Unlocking Angel Investment Potential in Cyber.”
This detailed study explores the current landscape of early-stage investment in the cyber and national security sectors, highlighting both the challenges and the transformative opportunities that a dedicated angel investment network could unlock – regionally and nationally.
Key Insights:
- Early-stage investment in UK cyber startups is declining despite global demand for cyber innovation.
- Cheltenham has strategic strengths—including GCHQ, a thriving tech ecosystem, and access to high-net-worth individuals, yet lacks a structured investment network.
- Founders and investors alike are calling for better coordination, deal flow, and expert-led investment communities.
- A sector-focused angel network could bridge the gap, offering not just capital but mentoring, operational support, and long-term strategic value.
Establishing a cyber-focused angel network has the power to:
- Catalyse regional economic growth
- Support high-potential founders
- Attract national and international capital
- Position Gloucestershire as a global leader in secure technology investment
Want to Dive Deeper?
To access the full Unlocking Angel Investment Potential in Cyber report and explore how you or your organisation can get involved:
Be part of the movement driving innovation, resilience, and economic growth through early-stage investment.


