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Fintech

UK taxpayer pours £1bn into venture investments

The company is now the largest domestic investor in UK venture capital

UK taxpayer pours £1bn into venture investments

Back in September, Fintech Files looked at the British government’s obsession with creating a tech giant — and how it is using British Patient Capital, an investment vehicle, in pursuit of that aim.

On 2 November, BPC announced that it had ploughed more than £1bn into the UK tech sector, primarily by stumping up funds for private venture capital firms to invest on its behalf.

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