The measures include a new $3.3bn fund operated by state-owned investment agency British Business Bank to cover funding shortfalls should the EIF end UK loans come Brexit.

The UK government has unveiled a £20bn ($26.6bn) warchest to support the country’s innovation economy, TechCrunch reported yesterday. The sum includes £500m ($666m) for artificial intelligence (AI), immersive technology, autonomous vehicles, life sciences and fintech. State-owned investment firm British Business Bank will control a new £2.5bn fund that is expected to draw a further £5bn…

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