Technology: Finance
The question
To ask the Secretary of State for Science, Innovation and Technology, what steps her Department is taking to support access to growth capital for scaling UK tech firms.
Answered by Kanishka Narayan
DSIT delivers specific policy interventions to unlock growth investment for UK science and technology firms, as well as contributing deep science and technology expertise to initiatives led by others, such as the British Business Bank’s £4bn Industrial Strategy Growth Capital Fund. A second cohort of Science and Technology Venture Capital Fellows will commence training in November, receiving specialist training overseen by DSIT to enable them to launch deep-tech venture capital funds. And, DSIT sponsors the National Security Strategic Investment Fund’s investment arm, making direct investments into companies developing strategically-important dual-use technologies, with increased funding up to £330m for 2026-30.
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