HM Treasury has announced a Consultation on a proposal to create a new UK based National Investment Fund to help cutting-edge British start-ups become world-leading unicorns (innovative firms valued over $1 billion USD).
The consultation focuses on whether a gap in the supply and use of patient capital is holding back more firms from growing to scale in the UK. A new fund would help ensure that firms still have access to the funding they need, should the relationship with the European Investment Fund end when the UK leaves the EU. The new fund could be set up as a public-private partnership or be placed fully on the government’s balance sheet to be sold off once it has established a sufficient track record. The details of ‘Financing growth in innovative firms: consultation’ can be found via this link and responses should be emailed to firstname.lastname@example.org