By John Glenday

Barclays has launched a £100m fund for UK tech firms designed to facilitate growth in the fast evolving sector by firms unwilling to sacrifice an equity stake.

Individual businesses will be offered up to £5m over a three-year period to invest so long as they have already secured venture capital financing, bringing the UK into line with America which already offers similar options.

British technology firms have enjoyed rapid growth in recent years, making them an attractive proposition for investors including banks, private equity firms and per to peer businesses.

Ashok Vaswani, chief executive of Barclays Personal and Corporate Banking, said the fund Read full story ›

Source: The Drum