The Prime Minister has today announced the creation of the UK Innovation Investment Fund to invest in technology-based businesses with high growth potential. The new fund will focus on investing in growing small businesses, start-ups and spin-outs, in digital and life sciences, clean technology and advanced manufacturing.
The Government will invest £150m alongside private sector investment on an equal basis. This could leverage enough private investment to build a fund of up to £1 billion over the next 10 years.
Read the full press notice here
Listen to Lord Mandelson and Lord Drayson’s speeches in the podcast below: