British Business Bank Direct Investment Strategy Boosts UK Startups
The state-funded British Business Bank has shifted its investment approach to provide direct funding for scaling UK startups. With £250 million already deployed to 33 tech and life sciences companies, the bank plans to increase direct investments to 25% of its Industrial Strategy capital.
The British Business Bank has launched a significant strategic shift toward direct investment in UK startups, deploying £250 million to 33 scaling companies while addressing critical funding gaps in the innovation economy. This move represents a fundamental change for the state-funded institution, which previously channeled most capital through venture capital funds.