The UK government will reportedly buy stakes in tech startups
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finance.yahoo said that The UK might have a new way to achieve technological supremacy: throw money directly at companies. Financial Times sources say the country is establishing a “Future Fund: Breakthrough” effort that would spend up to £375 million (about $522 million) on stakes in “later stage” tech startups. The move theoretically helps promising firms that could boost the UK’s standing in the tech industry, but still need a financial boost to compete on a global scale.
Every investment would range into the “tens of millions of pounds” and would be matched by private funds, according to the tipsters. It would focus on a relatively small number of larger companies, then.
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