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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
“The initiative announced today aims to reduce the significant gap in venture capital investment for underrepresented founders and investors,” the BBB said in a press release announcing the investment last week. The press release states that “breaking down barriers to opportunity will help drive growth as part of the government’s Plan for Change,” which encompasses various strategies to help drive economic growth in the country. Dominic-Madori Davis is a senior venture capital and startup reporter at TechCrunch.
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