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Woodford IM and L&G to fund UK start-ups

By International Adviser, 30 Nov 16

Woodford Investment Management (IM) and Legal & General’s principal investment arm have taken stakes in a £150m ($187m,€176m) venture platform to support UK digital start-ups at all stages of the funding cycle.

Woodford Investment Management (IM) and Legal & General’s principal investment arm have taken stakes in a £150m ($187m,€176m) venture platform to support UK digital start-ups at all stages of the funding cycle.

He said LGC was already regenerating towns and cities across the UK, backing clean energy projects, building homes and providing debt finance for UK SMEs.

“Now we are getting to the root of UK enterprise by supporting thousands of tech start-ups and growth businesses, creating jobs and boosting the economy,” he added.

Lee Strafford, chief executive at ADV and founder of Plusnet and Dotforge, said: “ADV has been established to help more of our emerging start-ups and scale-ups to scale big. There are world-class innovators in every corner of the UK. We intend to seek out the best investment opportunities at scale and ensure these companies, irrelevant of size and location, have the support they need to supercharge growth”

Pages: Page 1, Page 2

Tags: Legal & General | Neil Woodford

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International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.