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British Business Bank gov.uk

£500m Government investment to boost growth and opportunity for underrepresented entrepreneurs

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Underrepresented investors and fund managers will benefit from £500m of Government backing to help high potential new entrants build the track record they need.

  • £400 million package to back investment fund managers from underrepresented backgrounds and drive growth as part of the government’s Plan for Change.
  • Additional £50 million for female-led venture capital funds, doubling the British Business Bank’s commitment to £100 million and supporting the Invest in Women Taskforce.
  • New report reveals that angel investors are backing more all-female founding teams than all-male teams in the UK for the first time.

    • Diverse or underrepresented investors and fund managers will benefit from £500m of Government backing to help high potential new entrants develop the track record they need to become the investors of the future.

    Targeted at women, ethnic minorities, people with disabilities and those from deprived backgrounds, there will be a new £400m package from the British Business Bank starting in 2026, which will operate across three pillars:

  • Back more diverse fund managers directly through the Bank’s Enterprise Capital Funds programme, the Bank’s scheme to support early-stage businesses with high growth potential.
  • Invest more in supporting micro-funds, funds with around £10-15m and the first step on the venture capital ladder for new investors
  • Back partners, such as venture capital funds, to invest smaller amounts in talented individuals to build a track record and to provide training, giving those without personal wealth or connections the opportunity to become investors.

    • Research shows just 2p of every £1 invested in venture capital funding in the UK goes to female-founded businesses and only 13% of senior individuals on UK venture capital investment teams are women.

    The initiative announced today aims to reduce the significant gap in venture capital investment for underrepresented founders and investors. It will target at least 50% of investment going to female fund managers.

    This is an extract. The publication continues at the source.

    Read the original at the source: https://www.gov.uk/government/news/500m-government-investment-to-boost-growth-and-opportunity-for-underrepresented-entrepreneurs

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    September 20, 2026 19:53
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