British Business Bank's goal to become the UK's sovereign wealth fund

[Jake Rickman]

This thread is for the general discussion of the Article British Business Bank's goal to become the UK's sovereign wealth fund. Please add to the discussion here.

 

[jamielidchi]

'Creating a competitive UK SWF or SGF could help stimulate the British economy by both directly investing in growing businesses, as well as attracting private capital investment' - this is the most interesting part of this for me; the idea that the government could attract, essentially, LPs (coming at this perhaps from a slightly over-simplistic VC angle) to invest significantly in the fund.

 

[Jake Rickman]

'Creating a competitive UK SWF or SGF could help stimulate the British economy by both directly investing in growing businesses, as well as attracting private capital investment' - this is the most interesting part of this for me; the idea that the government could attract, essentially, LPs (coming at this perhaps from a slightly over-simplistic VC angle) to invest significantly in the fund.

I think that's spot on the value proposition behind investing government capital and resources into SWF/SGFs. Especially in the context of trying to make Britain a more competitive place for businesses and investors alike.