Start-ups rescue package imminent
The Treasury is understood to be preparing the announcement of a wide-ranging rescue package for start-up businesses. Details are yet to be finalised, although it is thought to centre around a co-investment strategy - where investors continue to back fast-growing firms but their funding is matched by the taxpayer. Officials hope this will encourage venture capitalists to keep investing in start-ups, after signs of a plunge in support as measures to fight COVID-19 triggered a massive recession.
Read more : The Daily Telegraph