London launches £70m fund to back startups struggling to raise investment Business A new £70m fund backed by the Mayor of London and the British Business Bank has launched to help growing businesses struggling to secure finance from traditional lenders. The Future London Growth Fund, managed by investment firm FSE Group, will offer loans of between £1m and £3m to companies across London’s 32 boroughs and the [...]
Venture heavyweights denounce government’s £1bn scale-up fund plans Investing The government’s flagship £1bn scale-up fund will miss out on top deals and chalk up poor performance for its pensioner investors should ministers select a traditional firm to manage it over a specialist venture capital shop, a group of the UK’s top early-stage investors has warned. The industry heavyweights, who between them are early backers [...]