- UK Innovation Investment Fund launches £200m UK Future Technologies Fund
22 February 2010
The Prime Minister today announced the first closing of the UK Future Technologies Fund with fund managers the European Investment Fund. The fund will benefit life sciences, digital and advanced manufacturing businesses. This follows an announcement last month that £125m will be invested in low carbon and clean tech sectors, bringing the total UKIIF investment to £325m.
Speaking to the Global Investment Conference, Prime Minister Gordon Brown said:
“Our new £325 million Innovation Investment Fund – launched as part of Building Britain’s Future – shows our commitment to the industries and the technologies that will create the skilled jobs of the future. This fund, seeded by the Government, is bringing private venture capital to growing enterprises. It is already providing £125 million of funding to high tech, low carbon businesses. From today, a further £200 million will be available for life sciences, digital and advanced manufacturing.”
- UK Innovation Investment Fund Launches £125m Environmental Investment Fund
26 January 2010
The UK Innovation Investment Fund is off the ground with the first closing of the £125m Hermes Private Equity environmental innovation fund.
- Government on Course to Create Europe's Largest Technology Venture Capital Fund
9 December 2009
Government’s cornerstone investment of £150 million in the UK Innovation Investment Fund leverages additional £175 million from investors.
- Government Presents UK Innovation Investment Fund to the City
27 November 2009
Lord Mandelson and Lord Drayson will today address the UK Innovation Investment Fund Investor Summit and highlight the potential that exists to invest in technology in the UK. Some of the UK’s leading technology businesses will be showcasing their leading edge products at the summit in the City of London.
21 September 2009
The UK Innovation Investment Fund's deadline for applications for Fund of Funds managers fell on Friday 18 September.
Lord Drayson, Science and Innovation Minister, said: "We are delighted with the quality and level of interest. We've had a good number of solid proposals, which is very encouraging. The UK Innovation Investment Fund, with a cornerstone investment of £150 million from the Government, aims to support the development and commercialisation of new technologies. This is a great time to invest in the UK's world-leading science and engineering."
17 August 2009 - Following the release of the Request for Proposals, a seminar for potential Fund of Fund managers, technology VCs and investors was held at SJ Berwin in the City and around 140 people attended. Click here for a full report of the event
3 August 2009 - Government’s UK Innovation Investment Fund Takes Shape - The Department for Business, Innovation and Skills today took the next step in setting up the UK Innovation Investment Fund (UK IIF) – a venture capital fund of funds to support the UK’s technology companies – just one month after securing cornerstone investment for the Fund.
29 June 2009 - Government aims for £1 billion VC fund to invest in the businesses of the future - The Prime Minister announced the creation of the UK Innovation Investment Fund as part of the Government’s strategy for Building Britain’s Future. The new fund will focus on investing in small businesses, start-ups and spin-outs with high growth potential, in digital and life sciences, clean technology and advanced manufacturing.
