British Business Bank commits €104 million to support UK venture capital fund managers
The British Business Bank is investing up to €104 million in ten new microfund managers across the UK, aiming to foster a new generation of venture capital leaders.
The British Business Bank has announced a commitment of up to €104 million (£90 million) to back a new generation of venture capital fund managers in the United Kingdom. This marks the first investments under the Microfunds segment of its £400 million Investor Pathways Capital initiative.
The Bank will act as a cornerstone investor in ten new microfunds, including Evertrue Capital and Common Ventures. These funds are expected to focus on early-stage companies and innovation, helping to broaden access to capital for smaller and emerging fund managers.
Investor Pathways Capital aims to address market gaps by providing support to fund managers who might otherwise struggle to raise capital from traditional sources. The investments are anticipated to drive innovation and economic growth across the UK.
