Phoenix Court

Investor: British Business Bank

The British Business Bank and NatWest have committed funding to Phoenix Court's venture capital funds, joining institutional backers HSBC and M&G in a multi-million-pound investment drive for the UK innovation economy.Summary of transaction details:Value: £50 millionSector: DeepTech & AIAdvisor: NoneKey Entities: Phoenix Court, British Business Bank, NatWestLocation: United KingdomNote: This transaction highlights a concerted effort by major UK institutions to increase domestic capital allocation into high-growth domestic start-ups and scale-ups, reducing reliance on overseas funding sources.