Phoenix Court

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 million
• Sector: DeepTech & AI
• Advisor: None
• Key Entities: Phoenix Court, British Business Bank, NatWest
• Location: United Kingdom

Note: 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.