British Business Bank Agrees to Commit GBP30 M to Invest in Women Taskforce ‘Women Backing Women’ Fund Led by Bootstrap4F

Source: British Business Bank

The British Business Bank has agreed to commit an anchor investment of GBP30 million (subject to final terms) to The Invest in Women Taskforce ‘Women backing Women’ Fund of Funds led by Bootstrap4F alongside institutional supporters Barclays, M&G, and Nationwide. The fund is targeting a first close of GBP130m.

In June, the British Business Bank doubled its initial GBP50 million commitment to the Invest in Women Taskforce, bringing their commitment to GBP100 million into female-led funds through its existing programs. The GBP30 million to the Fund of Funds will take the Bank’s funding to a total of GBP130 million. These investments will expand access to funding for female investors and entrepreneurs, with a focus on the eight growth-driving sectors of the Government’s Industrial Strategy – from life sciences to digital & technology – that underpin UK growth.