Written question asked by Lord Nash (Conservative) on Monday, 2 June 2025, in the House of Lords. It was due for an answer on Monday, 16 June 2025. It was answered by Baroness Jones of Whitchurch (Labour) on Monday, 16 June 2025 on behalf of the Department for Business and Trade.
Science and Technology: Investment
- Question
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To ask His Majesty's Government what performance indicators and evaluation mechanisms have been established for each fund supported by the Long-term Investment for Technology and Science (LIFTS) initiative; and what outputs have been delivered to date by the Schroders Capital LIFTS initiative, including the number of companies backed and capital deployed.
- Answer
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Schroders Capital invest across companies that are pioneering the development of long-term innovation themes such as life sciences and artificial intelligence. Following approval from the UK's Financial Conduct Authority in September 2024 to launch the first ever Long-Term Asset Fund (LTAF) dedicated to UK venture capital, Schroders Capital began making its first investments in January 2025.
As a new Fund, it is too early for data analysis to have taken place. UK businesses which have received investment include AI companies Synthesia and Luminance. Deployment of funds is overseen by the investment committee at Schroders Capital with monitoring by the British Business Bank.
Secondary information
- Type
- Written question
- Reference
- HL7960
- Session
- 2024-26
- Subjects
- Investment Technology Science
- Contains statistics
- Yes
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2025-09-05 23:12:56 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/lords/2024-25/HL7960
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