The British Business Bank is initiating a £500 million economic package aimed at enhancing support for diverse and underrepresented fund managers and founders in the UK. This includes £50 million reserved for female-led venture funds, contributing to a total of £100 million for female ventures, alongside £400 million designated for increasing diverse fund managers' capabilities and backing early-stage companies. The initiative, starting in 2026, intends to address disparities in venture capital investment, striving for at least 50% of funding to female managers and improving opportunities for those from disadvantaged backgrounds.
The British Business Bank is creating a £500 million economic package to support diverse and underrepresented fund managers and founders in the UK.
Fifty million pounds will be designated for female-led venture funds, totaling £100 million committed to supporting female-led ventures and the Invest in Women Taskforce.
The initiative aims to reduce the venture capital investment gap for underrepresented founders and investors, targeting at least 50% of investment to female fund managers.
UK venture landscape presents challenges, with 13% of venture teams having women at a senior level and less than 2% of funding going to Black founders.
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