High-flying firms across the UK will benefit from a further £200 million of government support to ensure that innovative British firms can access the finance they need to grow.
The Exchequer Secretary, Robert Jenrick, marked the launch of the new funding that will be made available to innovative businesses through funds supported by the British Business Bank. He said Ministers were determined to make the UK the best place in the world to start and grow a business. This type of funding has traditionally been sought by fast-growing firms in the science and technology sectors.
“The UK is creating more start-ups and attracting more venture capital funding than any other European country, but we want to do more to ensure our small businesses and entrepreneurs can thrive. That’s why we are injecting a further £200 million into the British Business Bank, specifically to back businesses that are scaling up”.