Sunday, 16 December 2018

UK govt wants to stop home-grown tech start-ups being acquired so easily

By Nick Wood, Total Telecom
Wednesday 23 November 16

Chancellor confirms public funding, tax breaks for new fibre infrastructure.

In addition to confirming plans to spend more than £1 billion (€1.17 billion) on broadband infrastructure, the U.K. Chancellor of the Exchequer on Wednesday announced measures to stop promising tech start-ups from being acquired so easily. In his Autumn Statement – an interim update to the government's budget – Chancellor Philip Hammond said he will make £400 million of venture capital funding available via the British Business Bank…

In addition to confirming plans to spend more than £1 billion (€1.17 billion) on broadband infrastructure, the U.K. Chancellor of the Exchequer on Wednesday announced measures to stop promising tech start-ups from being acquired so easily. In his Autumn Statement – an interim update to the government's budget – Chancellor Philip Hammond said he will make £400 million of venture capital funding available via the British Business Bank…

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