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June 25, 2026

Exclusive: British Business Bank backs 10 VC funds with £90m pot

It’s the first time the UK’s state economic development bank has committed capital specifically for underrepresented groups

The British Business Bank (BBB) has committed up to £90m to 10 first-time UK VCs. The selected funds — which are all between £10m to £20m — will back pre-seed and seed-stage startups in areas like deeptech, defence and climate tech. 

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Maya Dharampal-Hornby

Maya Dharampal-Hornby is a reporter, covering UK tech for Sifted, based in London. She's also the producer of Startup Europe — The Sifted Podcast .

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