hi-tech business

Government Lifeline for Hi-Tech Business

Government Lifeline for Hi-Tech Business

> NESTA today welcomes the Government’s announcement of a £750million investment fund to support high potential technology businesses. NESTA (National Endowment for Science, Technology and the Arts) which has the largest portfolio of pre-revenue high tech businesses in the UK has worked with the Government to design such a Fund. In a report released earlier this week, NESTA urged the Government to support the UK’s innovative and fast growing companies in sectors including biotech, cleantech and digital media. It warned that a failure to do so would cost the UK an annual £44bn in lost revenue. Responding to the announcement in today’s Budget, NESTA’s Chief Executive, Jonathan Kestenbaum said: “Today the Government took a vital step on the road to re... »