Investors in early-stage companies across the UK can access a multi-million-pound investment boost.
The Chancellor backs growth in every postcode through the next £100m phase of the British Business Bank’s Investor Pathways Capital Initiative, News Cover reports, citing the UK government's official website.
Supporting talented, first-time venture capital investment fund managers from a wide range of backgrounds, the initiative, which will invest £400m in total, helps businesses scale up as the fund managers provide the catalytic early capital that innovative, early-stage businesses need to scale up drive local growth and create more good British jobs.
Business large and small have felt the squeeze as the cost of business has risen.
The Chancellor is backing investment outside of London into businesses to help tackle this, bolstering efforts to make Britain better off.
