UK launches £500M package to support diverse, underrepresented investors and founders
The British Business Bank, owned by the UK government, is creating a £500 million (around $674 million) economic package to help support diverse and underrepresented fund managers and founders in the country. Fifty million pounds will be set aside for female-led venture funds, which means the BBB has now committed at least £100 million (around $135 million) to supporting female-led ventures and the government’s Invest in Women Taskforce. Meanwhile, £400 million (around $539 million) will go to