British Business Bank welcomes outcome of Integrated Review
Published today, the Integrated Review is a comprehensive articulation of the UK government’s approach to foreign policy and national security.
The National Security Strategic Investment Fund (NSSIF), the government’s corporate venturing arm for dual-use advanced technologies, plays a key role in fostering technological innovation. A joint initiative between the UK government and the British Business Bank, NSSIF supports the provision of long-term equity capital, needed by companies developing new capabilities in areas of strategic importance such as artificial intelligence, quantum computing and sensor technology.
Commenting on today’s Integrated Review,Patrick Magee, British Business Bank chief commercial officer, said: “As joint partners in the National Security Strategic Investment Fund, we welcome the publication of today’s Integrated Review. Going forward, we will continue to play a major role in accelerating the development of dual-use advanced technologies, helping to build the UK as a science and technology superpower.”
NSSIF makes commercial investments in equity funds and businesses focused on the government’s National Security Strategic Technology Areas of Interest.