1-6 of 6 results for subject:"British Growth Partnership"
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To ask the Secretary of State for Business and Trade, whether his Department plans to publish annual monitoring reports on the economic impact of the British Growth Partnership.
To ask the Secretary of State for Business and Trade, whether his Department plans to publish annual monitoring reports on the economic impact of the British Growth Partnership.
The Department does not plan to publish annual monitoring reports on the economic impact of the British Growth Partnership (BGP). Instead, the British Business Bank will report the value of its stake in BGP through its public annual reporting and has commissioned an independent evaluation of BGP. An initial assessment, focusing on process and early delivery outcomes, is expected in 2027. An interim economic evaluation is expected to begin in late 2028, once sufficient time has passed for BGP’s outcomes and impacts to emerge.
To ask the Secretary of State for Business and Trade, what steps his Department is taking to ensure that funding provided through the British Growth Partnership Fund I support businesses across all regions and nations of the UK; and what proportion of the £200 million first close is expected to...
To ask the Secretary of State for Business and Trade, what steps his Department is taking to ensure that funding provided through the British Growth Partnership Fund I support businesses across all regions and nations of the UK; and what proportion of the £200 million first close is expected to...
The British Growth Partnership Fund I is an investment vehicle designed to increase the amount of UK pension fund investment going into UK venture capital. While the fund is UK-focused, its objectives are fully commercial and designed to maximise investment returns to UK pension funds regardless of investment location. Other British Business Bank interventions address disparities in investment within the UK, notably the Nations and Regions Investment Funds and the Regional Angels Programme. In 2024/25, 84% of businesses supported by the Bank were outside London.
To ask the Secretary of State for Business and Trade, what criteria the British Business Bank will use to identify the high-growth UK companies eligible for investment through the British Growth Partnership Fund I; how many firms are expected to benefit from the first close; and what estimates his Department...
To ask the Secretary of State for Business and Trade, what criteria the British Business Bank will use to identify the high-growth UK companies eligible for investment through the British Growth Partnership Fund I; how many firms are expected to benefit from the first close; and what estimates his Department...
The British Growth Partnership Fund I will invest in later-stage, high-growth UK companies identified through the British Business Bank's pipeline, building on the Bank's established track record of backing high-potential science and technology firms. Due to the size of the investments and the nature of portfolio construction, the first close of the fund will benefit a limited number of later-stage venture backed businesses.
There is no employment target for British Growth Partnership Fund I. Previous evaluations of the Bank's venture programmes have demonstrated strong economic impact, including job creation and increased Gross Value Added.
To ask the Secretary of State for Business and Trade, what plans his Department has to monitor the long-term performance of the British Growth Partnership Fund I, including investment returns, regional economic impact, and exit outcomes; and whether his Department intends to publish a formal evaluation within three years of...
To ask the Secretary of State for Business and Trade, what plans his Department has to monitor the long-term performance of the British Growth Partnership Fund I, including investment returns, regional economic impact, and exit outcomes; and whether his Department intends to publish a formal evaluation within three years of...
The British Growth Partnership Fund I will be evaluated against its objectives by the British Business Bank, which will publish the findings. The evaluation methodology will be consistent with the Bank's approach to assessing its existing programmes. The overall evaluation strategy will include an early impact report within three years of the fund being established, followed by an interim evaluation.
The long-term nature of venture capital investing and the inherent challenges of increasing institutional investment into UK VC mean that the full economic impact will only be known in the long run, around 10 years after the fund has closed.
To ask the Secretary of State for Business and Trade, what estimate he has made of the level of private investment that the British Growth Partnership Fund I will leverage from institutional partners; and by what date he expects the Fund to achieve that target.
To ask the Secretary of State for Business and Trade, what estimate he has made of the level of private investment that the British Growth Partnership Fund I will leverage from institutional partners; and by what date he expects the Fund to achieve that target.
The British Growth Partnership Fund I is anticipated to achieve a first close of the fund of £200 million by the end of March 2026. This amount will consist predominantly of private investment from UK pension funds.
The Department expects that following the first close, the British Growth Partnership will raise further capital in advance of the final close of the investment vehicle. The level of additional investment from pension funds will depend on market conditions at the time.