who sponsored the first english colony in the americas
European colonization of the Americas Inspired by the Spanish riches from colonies founded upon the conquest of the Aztecs, Incas, and other large Native American populations in the 16th century, the first Englishmen to settle permanently in America hoped for some of the same rich discoveries when they established their first permanent settlement in Jamestown, Virginia in 1607. They were sponsored by common stock companies such as the chartered Virginia Company financed by wealthy Englishmen who exaggerated the economic potential of this new land. The main purpose of this colony was the hope of finding gold.[2]