Neil Woodford, manager of the £695m Woodford Patient Capital trust, has welcomed yesterday's Autumn Budget announcement of a £2.5bn investment fund to help knowledge-intensive businesses access scale-up capital.
In his first Autumn Budget read yesterday, Chancellor of the Exchequer Philip Hammond announced plans to boost investment in Britain's smaller and higher risk businesses. He said the government is publishing an action plan to unlock over £20bn of new investment in UK knowledge-intensive, scale-up businesses. This will be done through a new fund in the British Business Bank seeded with £2.5bn of public money. Woodford said he is "absolutely delighted about the announcement...
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