British Business Investments, the commercial arm of the British Business Bank, launches a new £500m Managed Funds Programme designed to increase access to longer-term venture and growth capital for ambitious and innovative, high potential companies in the UK.

Announced six months ago by the Chancellor at the Autumn Budget, the new Managed Funds programme will invest in large-scale funds of funds, run by experienced managers, to boost the amount of patient capital available to the UK’s high-growth businesses.