Interview

November 14, 2025

UK’s biggest backer of VC funds eyes more defence deals

The British Business Bank, which invests closely against the UK government’s industrial strategy, tells Sifted more defence fund pitches are landing on its desk


Tom Nugent

5 min read

Chris Smart (left) and George Mills (right).

The UK’s biggest backer of VCs wants to put more money into defence as interest in the sector continues to rise.

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Tom Nugent

Tom Nugent is Sifted’s managing editor. He covers university spinouts and robotics. Follow him on X and LinkedIn

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