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The The new programme was revealed by the Chancellor of the Exchequer, Rishi Sunak, during the budget speech this past spring. The £375 million scheme is designed to encourage private investors to co-invest with the government in high-growth firms.  This UK-wide programme will deliver the funding via British Patient Capital, a subsidiary of the British Business Bank. The UK government believes that these innovative firms have the ability to grow rapidly and have a significant economic impact –  critical to the UK’s future prosperity and economic recovery. Judith Hartley, CEO of British Patient Capital, commented: “With many world-class universities and a strong track record in science and research, the UK is fertile ground for creating high-growth companies based on cutting edge technologies. Through the commercialisation of R&D, these transformative companies will  help accelerate the deployment of innovative breakthrough technologies that can transform major in

Research and development investment programme launches in UK

Research and development investment programme launches in UK
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