British Business Bank backs 10 VC microfunds
The British Business Bank committed up to £90M to support 10 new UK venture capital microfunds.
Early-stage capital is not only about the biggest funds. The British Business Bank’s new microfund backing is aimed at expanding who gets to write the first cheques for UK startups.
What happened
The British Business Bank committed up to £90M to support 10 new UK venture capital microfunds under its Investor Pathways Capital initiative.
The selected funds include Evertrue Capital, Common Ventures, Openseed VC, The Tech Bros Fund, Almanac Ventures, Future Impact Ventures, Blue Lake VC, Firstdoor VC, Mustard Seed Fund and Twin Track Ventures.
Why it matters
This is a useful VC ecosystem signal.
The programme targets first-time fund managers and aims to unlock more pre-seed and seed capital across sectors including technology, AI, climate, defence and consumer.
The bigger picture
Startup ecosystems depend on the first cheque. More diverse and specialised microfunds could help underrepresented founders, regional founders and niche sectors access capital earlier.