Written question asked by Chi Onwurah (Labour) on Tuesday, 28 November 2023, in the House of Commons. It was due for an answer on Thursday, 30 November 2023. It was answered by Kevin Hollinrake (Conservative) on Wednesday, 6 December 2023 on behalf of the Department for Business and Trade.
Future Fund
- Question
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To ask the Secretary of State for Business and Trade, how much the British Business Bank has invested directly in companies through its Future Fund: Breakthrough programme as of 28 November 2023.
- Answer
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Future Fund: Breakthrough is delivered by the British Business Bank, via its subsidiary British Patient Capital. It is a UK-wide programme which encourages private investors to co-invest alongside government in high-growth, R&D intensive, innovative firms.
From the start of the programme in 2021 to 28 November 2023, Future Fund: Breakthrough has committed to invest £119 million of which £97.6 million has been paid. Across these transactions, the programme has leveraged £724 million of investment from the private sector.
The government has announced an extension to Future Fund: Breakthrough of at least £50 million, building on the original commitment of £375m.
Secondary information
- Type
- Written question
- Reference
- 4153
- Session
- 2023-24
- Subjects
- Future Fund
- Contains statistics
- Yes
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2026-05-11 09:50:41 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2023-24/4153
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