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UK Innovation Investment Fund: Finance

Volume 498: debated on Monday 26 October 2009

To ask the Minister of State, Department for Business, Innovation and Skills how much funding the Government will provide for the new UK Innovation Investment Fund in the next three years; and how much private sector investment he expects the Fund to receive in that period. (294707)

The Government are committing £150 million of taxpayer investment to build a fund of up to £1 billion over its 10-year life. The Government expect that their investment of £150 million will leverage significant investment from the private sector.