Government funding could drive diversity and strategic growth


Barclays Ventures CEO Ben Davey identifies major opportunities as the government develops its support packages for startups.

Barclays Ventures CEO Ben Davey considers the industry reaction to the £1.25bn government support package announced this week. He explains what further details he wants to see and explores how the funding could drive long term strategic growth.

Davey calls for a commitment to a genuine regional distribution of the available funds and discusses how the Future Fund and Innovate UK funding could be a positive catalyst for change across the UK startup community.

He also explains why startups need clarity about which forms of support are suitable for different types of startups, scaleups and tech businesses.

Speaking from his home, Davey highlights how the funding could be used to help grow sectors of the startup world that will be important to long term national prosperity, including those that may not currently receive significant investment.

Davey had earlier taken part in a live panel event hosted by Eagle Labs and was joined by other key industry figures including Irene Graham, CEO of the ScaleUp Institute, John Spindler CEO of Capital Enterprise and Ian Campbell Executive Chair for Innovate UK.



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