Mandy writes cheque for UK tech biz
Print storyFunds for small biz
Posted in Small Biz, 2nd December 2008 09:23 GMT
Join our expert panel in discussing application security
Lord Mandelson of Foy has announced a £30m fund to invest in small and medium UK technology firms.
The money will be managed by TTP Ventures. Development money is available to small and medium-sized IT, electronics and instrumentation firms. The money, part of the Enterprise Capital Funds scheme, is aimed at high-growth firms looking for funding up to a maximum of £2m.
Mandelson, in his guise as Minister for Business, Enterprise and Regulatory Reform, said: "It is crucial small and medium sized firms looking to invest in and grow their businesses are able to access the finance they need."
The government has pledged £60m a year for investment in ECFs.
More info here on a worryingly unready website.®
Can Outsiders Enhance Exchange?
The future of SaaS and IT infrastructure management
Solving on-premise email challenges with on-demand services
The business case for application security
Reducing messaging and web security costs with managed services
Win a Samsung C6625!
Is your cameraphone an oxymoron?
Reg Mobile and Wireless newsletter is go! go! go!
Sign up, sign up for The Register IT security newsletter