Sunday, September 28, 2025
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home Business

The UK will launch a new initiative to invest £375 million in UK Tech Startups, enabling Taxpayers to own Stakes in several Startups

Tech Gist Africa by Tech Gist Africa
03/03/2021
in Business, Fintech, Investments, News, Startups, The Big 5, Venture Capital, World News
0 0
0
UK Tech Startups Rishi Sunak Tech gist africa

UK Tech Startups Rishi Sunak Tech gist africa

0
SHARES
Share on FacebookShare on Twitter

The UK will launch a new initiative to invest £375 million in UK tech startups, with taxpayers holding shares in several firms.

Rishi Sunak, Britain’s finance minister, is expected to announce a new fund to invest £375 million in UK technology firms, enabling taxpayers to own stakes in several UK tech startups. 

According to the Financial Times, the new plan, called Future Fund: Breakthrough. 

Mr Sunak has already confirmed that the tech sector will be a big focus of the upcoming budget. 

“Now that we’ve departed the EU and regained control of our borders, we want to ensure that our immigration system assists companies in recruiting the best talent from around the world,” Mr Sunak said. 

Mr Sunak’s strategy to make post-Brexit Britain “the most transparent and dynamic place in the world to run a financial services business,” according to the Treasury, involves enhancing the UK’s FinTech capabilities.

Mr Sunak said on Friday, following the publication of the study, that “FinTech is one of the UK’s great success stories and will help us seize new opportunities around the world.” 

“We must now build on our global reputation for promoting creative start-ups by ensuring that startups in the UK have access to the talent, funding, and resources they need to scale up.”

Meanwhile, the latest and distinct Future Fund: Breakthrough will concentrate on later-stage businesses, with each contribution totaling tens of millions of pounds, matched by private sector funds. 

Mr Sunak aims to increase the UK’s FinTech market share, which currently stands at 10% globally.

Read More on Tech Gist Africa;

The UK Nigeria Tech Hub launches iNOVO, a Startup Accelerator program for innovative Nigerians.

UK-Nigeria Tech Hub is partnering with Decagon for its developer placement programme

Tanzanian startup NALA is launching a money transfer app in the UK.

The UK-Nigeria Tech Hub is partnering with Dufuna for its Design School Program.

ShareTweet
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

Related Posts

Food Security
Insights

How Technology is Advancing Global Food Security and Reducing Hunger

by Tech Gist Africa
09/26/2025
0

The challenge of ensuring food security for a growing global population is one of the defining issues of our time....

Read more
Rulebase

Rulebase Secures $2.1M Pre-Seed Funding to Revolutionize Fintech Back-Office Automation

09/26/2025
SunCulture Kenya

SunCulture, a Kenyan climate-tech startup has secured a $5 million funding

09/26/2025
AGF Visa Foundation

AGF and Visa Foundation Unveil $2M Fund for Women Entrepreneurs in Africa

09/26/2025
Justyol Morocco

Justyol, a Moroccan e-commerce startup has raised $1 million in funding

09/26/2025
Next Post
Africa Development bank Ecowas Tech Gist Africa

The African Development Bank has allocated $320,000 in grant funding to mainstream gender in the digital financial operations of the Economic Community of West African States

Volvo electric cars Tech gist Africa

Volvo plans to go fully electric by 2030

Israel embassy kenya Tech news

The Konza Technopolis Development Authority and the Israeli Embassy in Kenya have teamed up to host an innovation challenge.

No Result
View All Result

The Big 5

Food Security

How Technology is Advancing Global Food Security and Reducing Hunger

by Tech Gist Africa
09/26/2025
0

...

Nvidia Abu Dhabi Robotics Lab

Nvidia and Abu Dhabi Institute Launch Middle East’s First AI & Robotics Lab

by Tech Gist Africa
09/26/2025
0

...

MultiChoice

Canal+ has officially completed its $3.17 billion acquisition of South Africa’s MultiChoice Group

by Tech Gist Africa
09/26/2025
0

...

216 Capital & Plug and Play Accelerator

216 Capital & Plug and Play Launch Tunisian Accelerator to Bridge Local Startups to Global Stage

by Tech Gist Africa
09/26/2025
0

...

Funding

Groundbreaking UK Tender Aims to Map East Africa’s Start-Up Financing Landscape

by Tech Gist Africa
09/26/2025
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.