The UK Innovation Investment Fund

Government's £1 billion Venture Capital Fund

Government’s £1 billion Venture Capital Fund

The Prime Minister announced yesterday 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 Department for Business, Innovation and Skills (BIS) , with the Department of Energy and Climate Change and the Department of Health, will invest £150 million alongside private sector investment on an equal basis known as pari-passu. It is the Government’s belief that this could leverage enough private investment to build a fund of up to £1 billion over the next 10 years. The UK Innovation Investment Fund forms part of the Government’s strategy... »