High-flying firms across the UK will benefit from a further £200 million of government support to ensure that innovative British firms can access the finance they need to grow.

The Exchequer Secretary, Robert Jenrick, has marked the launch of the new funding that will be made available to innovative businesses through funds supported by the British Business Bank. He said Ministers were determined to make the UK the best place in the world to start and grow a business. This type of funding has traditionally been sought by fast-growing firms in the science and technology sectors.