Close
Enter your search into one or more of the boxes below:
You can refine your search by selecting from any of the options below:
Search
Your Shopping Basket
Total number of items: 0
Sub total: £0.00
Go to Checkout
Our Birmingham Shop
Our Bristol Shop
Animators Survival Kit

UK innovation fund reaches GBP 325m mark

11th December 2009

The government's flagship technology venture capital fund has reached a value of GBP 325 million.

An additional GBP 175 million has been leveraged from private investors for the UK Innovation Investment Fund (UKIIF), adding to the GBP 150 million which has been contributed by the government.

The fund was established to ensure that innovative British businesses in key sectors such as clean technology, life sciences and advanced manufacturing have access to venture capital.

According to the Department for Business, Innovation and Skills, the UKIIF will eventually become a GBP 1 billion, 15-year fund once it gains further private investment.

Lord Drayson, science and innovation minister, said: 'UKIIF has been a hit with investors. We can now ensure that Britain's high-tech growth companies will have the capital to fulfil their potential.'

As part of the UK's commitment to reducing carbon emission, GBP 125 million of the fund will be targeted towards businesses developing green technologies.

Recently, business secretary Lord Mandelson launched a GBP 19 million competition to support low-carbon vehicle projects in the UK.

Latest Blog
Tom Fort asks which Writer Best Depicted the Reality of the English Village
28/04/2017

Tom reviews some much-loved novels set in English villages and asks where we go for the most realistic depiction.

Philippa Gregory Looks Back on Thirty Years of Writing Historical Fiction
27/04/2017

Read an extract from Philippa Gregory's Foreword to the 30th anniversary edition of her first published novel, Wideacre.

Foyles' Find Your Way Through ... Depression
24/04/2017

How the tv series 13 Reasons Why and Prince Harry's revelations about his own mental health have both sparked important debates about teen wellbeing.

View all Blog Entries
Twitter
Show/Hide Tweets
© W&G Foyle Ltd