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British Business Bank pumps £30m into early-stage venture fund amid investment slowdown

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By Charlie Conchie The state-backed British Business Bank revealed it had pumped £30m into a new early-stage venture fund today as it looks to fill a funding gap for small firms amid a major investment slowdown this year. The UK’s economic development bank said it had provided the cornerstone investment for a new £50m pre-seed fund, launched by Concept Ventures, targeting early-stage pre-seed firms. In a statement today, Managing Director of Venture Solutions at the British Business Bank Ken Cooper said the bank’s Enterprise Capital Funds were helping lower the “barriers to entry for emerging …

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