The British Private Equity & Venture Capital Association (BVCA) is proposing a bridge funding facility in the form of a convertible loan, a standard investment instrument, of up to £5 million per company, with Government funding supplemented by existing investors. Including money from the private sector, this would provide at least £625 million of capital to early stage businesses.
The BVCA argues that it should be deployed rapidly into the market by the British Business Bank.
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