Big UK venture capital funds pledge to invest in high growth companies
by Kalyeena Makortoff Banking correspondent from World news | The Guardian on (#6FT7M)
Chancellor calls scheme involving 20 of UK's largest funds a huge win' for the country
A group of leading UK venture capital funds managing more than 25bn have signed an agreement backed by the chancellor, Jeremy Hunt, to boost investment in high growth companies across the country.
In a government drive to drum up private investment in Britain before the chancellor's autumn statement, Hunt said the scheme involving 20 of the UK's largest funds was a huge win" for the country.
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