Scale-Up Fund Sparks VC Revolt as Unilever Ditches Colman's and UK Broadband Bets Turn Sour

£1bn — the size of the government's flagship UK Scale-Up Fund, now at the centre of a furious battle between Britain's venture capital elite and two of the City's biggest asset managers.

Money Moves

• VC investors warn £1bn scale-up fund will 'make a mockery' of UK venture industry if M&G or Schroders — traditional asset managers with limited growth-stage experience — are chosen to run it over specialist venture firms
• Colman's Mustard put up for sale...