The UK's Ambitious Tech Startup Investment: A Whopping €59 Billion
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British Finance Minister Jeremy Hunt on Monday announced that the country will open its substantial pension fund to increase funding liquidity for tech startups. Hunt said that UK institutional investors are not investing as much in UK high-growth companies as their international counterparts. Hunt proposed allocating 5% of assets in its default funds to start-ups. The UK has almost €3 trillion in pension funds.