The British Business Bank (BBB), the UK Government’s economic development bank, has announced a new £500 million ($674 million) economic package to back diverse and emerging fund managers. The initiative aims to address the significant gap in venture capital investment for underrepresented founders and investors, which is often attributed to industry biases, closed networks, and limited diversity among investors. Investing in women-led funds Investing in female and ethnic minority-led businesses could add 13% to the value of the UK equity market, according to the 2025 The Investing in Women Code report. Additionally,