If you look at the Reformation as going against the status quo of Roman Catholicism of which was legitimized by the backing of the Pope by countries like Spain and Portugal. Whom before English settlement of the New World had a monopoly on colonization issued by the Papal Bull of 1481. And also Papal Bull 1483 by Pope Alexander VI which split the whole world between Spain and Portugal. Spain taking everything west of the line of demarcation and Portugal taking everything to the east. Many other European countries around this time, saw this as more or less unfair especially, Queen Elizabeth a protestant sitting on the throne in England. Her father if you can remember was in fact, Henry the VIII who established the Church of England. Yet, during this time which encompassed Spanish colonization England as a country was financial unstable, and it just didn't have enough capital to out muscle Spain which had become a world power based off its efforts to conquer the new world looking for gold. Queen Elizabeth enlisted Privateers such as Sir Francis Drake to raid Spanish ships and towns for their gold and other valuable cargo. (Keeping in mind that this is a solid example to me of a result of the reformation as a protestant ruler is using privateers to pick at the world empire of Spain which is backed by the Catholic Church.) The King of Spain Phillip II dispatched the Spanish Armada to end the Protestant control of the English throne to stop these policies of privateering and to reinstate a Roman Catholic on the throne of England. However, they were unsuccessful and do to mostly poor planning and luck of the English it showed that Spain was not as strong of a world power, especially on the open seas. This is what sets the stage for the beginnings of English colonization, the ability to travel on the open seas to get to the new world.
During the Stewarts rein over the throne of England, they issued charters to companies which were made up of stock holders in which shared the risk as well as the reward in North America. A few things hint to the reformation ideals in English colonization. One, this is not the same model that Spain and Portugal use to colonize the new world. For example Spanish model of colonization used Conquistadors, which were men that were trying to make a future as explorers and conquerors in search of gold and wealth. Spanish rulers used these men to find their wealth and then established a centralized establishment of power over the conquered lands of the new world in which directly benefited the King. The English charters however, put the costs and payouts in the hands of the stockholders. A company would then have a board of directors which made sure that the capital being invested into the company would provide wealth on the other end. So the people who were benefiting the most in the colonization of the New World were based on the ones financing the colonies. This is the beginning of a rising middle class, in which gives wealth and capital to a new social dynamic in English society. This rising bourgeois, then using this capital from the new world directly funds the Glorious Revolution in which ended the Roman Catholic rule on the throne of England at that time. Secondly, England tried to stay out of Spanish colonies as much as possible and established colonies in land deemed non-profitable by the Spanish. However, if Spanish forces would come across a colony in the new world they would burn it to the ground, because that colony would be against the Papal Bull which had given the Spanish and Portuguese the monopoly of the new world. So the simple fact, of English countries setting up colonies in the new world other than Spain and Portugal is a direct link to the reformation because it goes against Roman Catholic power.