VCs compete to manage UK's £1bn Scale-Up Fund
Several venture investors are contending for the chance to manage the UK's planned £1 billion Scale-Up Fund, which aims to boost fast-growing British startups. The government-backed fund is expected to launch soon under the British Business Bank, with a shortlist of at least six firms in consideration. No final manager has been chosen yet.
- At least six firms shortlisted to manage the fund
- Backed by the British Business Bank
- Focus is on supporting UK tech scale-ups
- Launch expected later this year
Sources covering this
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