18th December 2019
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British Business Investments, a commercial subsidiary of the British Business Bank, has made its second cornerstone commitment this year through its £500m Managed Funds Programme.
The £100m commitment is being made to the Hermes GPE Innovation Fund which is seeking to raise a target of £250m. Investments are expected to be focused on later-stage opportunities in technology-enabled businesses across the UK and Europe with a productivity, people or sustainability theme.
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