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Exclusive: Government considering South West regional investment fund

Plans for a regional investment fund for the South West are being considered by the Treasury and could be announced in the autumn budget on October 27th.

The proposed fund would resemble the structure of the £500m Northern Powerhouse Investment Fund (NPIF), although will not initially have anything like that much funding at its disposal, according to sources with knowledge of the...

A typical South West coastal scene - Port Isaac, Cornwall

Peter Evans: Now is the time for a South West regional investment fund

Sometimes a simple statistic can knock you sideways. Take this one from the British Business Bank (BBB): When broken down by local authority area, three of the top five locations for equity investment into South West businesses are London boroughs.

In other words, venture capital funds, business angel networks and individuals based in Westminster, Islington and Camden invest...