On 7 August 2026, HM Treasury and the British Business Bank announced a £100m deployment under the Investor Pathways Capital initiative to launch up to 10 new UK venture capital funds, on top of £90m committed to 10 microfunds in June 2026, moving the programme toward its £400m total. The scheme backs first-time and regional fund managers historically shut out of institutional VC, with applications for the next cohort opening in Autumn 2026.
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UK deploys £100m to launch 10 new VC microfunds backing early-stage startups
Why this matters for founders
Early-stage founders outside London should track which new microfunds (typically £10m–£20m) launch this autumn, as they offer fresh, catalytic seed capital from managers mandated to invest regionally. Get on their radar early as they raise and deploy.
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