Chancellor Healey Ships £150m Northern Scale-Up Fund to Boost UK Tech Innovation

Chancellor John Healey has officially launched a £150m Northern Scale-Up Fund specifically targeting university spin-outs and innovative startups in Liverpool, Manchester, Leeds, Sheffield, and Newcastle. Announced during his first major economic speech in Coventry, the fund—sourced from the British Business Bank's existing budget—will provide individual investments ranging from £5m to £15m to "the most innovative and fast-growing firms" across the North. Healey framed it...