British Business Bank launches patient investment fund

British Business Bank launched British Patient Capital on Wednesday, a £2.5 billion ($3.4 billion) investment fund that the bank will invest in U.K. businesses, including bioscience companies, alongside private investors.

British Patient Capital fulfills a commitment in the Chancellor’s 2017 Autumn Budget, in which plans for the fund were unveiled (see BioCentury Extra, Nov. 22, 2017)...