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 speech 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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