Business

In a video address delivered this afternoon, the Chancellor of the Exchequer, John Healey MP, articulated the government's swift actions aimed at fostering optimism and supporting communities across Britain. Healey highlighted that over the past fortnight, efforts have been made to stimulate growth in every locality. He emphasised the government’s commitment to backing British jobs, enhancing skills, and supporting local businesses. Furthermore, he acknowledged the challenges faced by families and enterprises feeling the pressure, assuring them that measures have been implemented to provide some relief. In a significant announcement, the Chancellor confirmed that his inaugural Budget will take place on Wednesday, 28th October. He assured the public that this Budget will focus on decentrali...

Expansion of Venture Capital Access Across the UK The landscape of venture capital in the United Kingdom is set to undergo a significant transformation, as the Chancellor announces plans for the launch of up to ten new venture capital funds. This initiative aims to extend access to essential funding beyond the capital, ensuring that early-stage companies throughout the UK can benefit from a substantial investment boost. The latest phase of the British Business Bank’s Investor Pathways Capital Initiative, which involves a £100 million allocation, is designed to support regional growth and propel innovation across various sectors. The initiative, which has a total investment target of £400 million, is particularly focused on empowering first-time venture capital fund managers from diverse ba...