On 7 August 2026, the government announced a £100m next phase of the £400m British Business Bank Investor Pathways Capital initiative, backing as many as 10 new venture capital funds across the UK, especially outside London. It builds on £90m already committed in June 2026 to 10 first-time-manager microfunds (sizes £10m–£20m). Applications for the next cohort open in Autumn 2026.
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UK commits £100m to launch up to 10 new regional VC funds via Investor Pathways
Why this matters for founders
Early-stage founders outside London gain fresh sources of seed capital from first-time managers; track the new microfunds and the Autumn 2026 cohort for pitch opportunities, and aspiring investor-founders can apply to run a fund.
Source: GOV.UK
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