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Fund UK start-ups or risk ‘losing a generation’ of tech talent, lobby groups warn

Trade organisations urge chancellor Rishi Sunak to create a £300m ‘runway fund’ capable of supporting around 600 loss-making companies

By

Ryan Weeks

UK start-ups are at risk of collapse
UK start-ups are at risk of collapse Photo: Getty Images

A group of trade organisations have written a letter to chancellor Rishi Sunak urging the creation of an investment vehicle to support British start-ups, Financial News can reveal.

The letter, which will be sent this week, calls for the creation of a £300m “runway fund” capable of supporting around 600 loss-making companies.

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