The chancellor has announced £1.4bn in grants in its new 'Global Britain Investment Fund' as the government looks to attract international companies to invest in Britain.
The fund includes £354m to support investment in life sciences manufacturing, £817m for the electrification of UK vehicles and their supply chain, and up to £230 million for the offshore wind sector. Autumn Budget 2021: Chancellor to cut business rates by £7bn The investment push from the budget also saw more than £1.6bn for the British Business Bank's regional funds, which provide debt and equity finance to small and medium enterprises, as well as £150m additional spending for the Regional Angels programme, which provides reduces imbalances in access to early-stage equity finance in ...
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