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UK tech could be worth $4 trillion within decade

Tech Nation says that UK technology companies will be worth $2.6tr if they keep on current trajectory but could hit $4 trillion with Government and investor support

Venture Capital Funding

‘Sunak should get serious about pensions backing VCs’ says Lord O’Neill

The Government is being held hostage by trying to reduce national debt, says influential economist. What it needs to do is have a coherent long-term investment strategy to grow UK business, says Lord O'Neill

News

Chancellor to drop target to spend £22bn annually on R&D by 2024-5

Treasury decision to renege on annual £22bn target for Government R&D spending means £11bn private investment in British tech will go elsewhere, warns expert

Funding

Key to tech investment lies in hands of pension holders, says Sunak

Chancellor says its up to those who pay in to pensions to tell institutions they want to invest in fast-growth tech start-ups

Private equity

Rishi Sunak expects £500bn Long-Term-Asset Fund to launch this year

Half-trillion pound Long-Term Asset Fund will help pension funds invest in venture capital funds and back start-ups

Funding

50% of Britain’s scaleups expect to raise finance this year

This is despite the £15bn funding gap identified by the Scaleup Institute between what scaleups need for investment and what’s available

Venture Capital Funding

Give us longer to reinvest our profits, say venture capital trusts

VCTs write to chancellor Rishi Sunak setting out case of giving them longer to reinvest, while highlighting their success story

Exit Strategies

Business owners eye selling up ahead of capital gains tax changes

Rishi Sunak mulls tightening up capital gains tax as way to repay estimated £300bn cost of COVID-19 to Government

Banking

Government plans infrastructure bank to fund large-scale regeneration

Business secretary Alok Sharma has already mooted national development bank that would lend to small and medium-sized businesses

Venture Capital Funding

Future Fund – government tech start-up bailout scheme how it works

The Treasury has announced the £500m Future Fund tech start-up bailout scheme, which could see the government owning half of some of Britain's fastest-growing companies

Venture Capital Funding

Future Fund approves just approves 10% of loan applications

Government’s tech start-up bailout fund has lent £56m so far to 53 companies, despite receiving 533 funding applications

Venture Capital Funding

Demand for Future Fund drains its £250m capacity within just one day

Start-ups apply for over £400m worth of funding from Future Fund on its first day, exhausting initial £250m capacity

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