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Fintech

Former chancellor Philip Hammond to join new UK fintech fund

Lord Hammond set to advise £1bn vehicle to scale up UK prospects

Former Chancellor set to add to portfolio of finance roles since leaving office
Former Chancellor set to add to portfolio of finance roles since leaving office Photo: Takaaki Iwabu/Getty Images

Former chancellor Philip Hammond is set to join an all-star line-up at a new fund trying to boost the chances for UK fintechs, according to reports.

A new vehicle provisionally called the Fintech Growth Fund will raise £1bn to back promising start-ups, Sky Newsreported, and Hammond is set to join its advisory board.

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