A few reflections on https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇬🇧" title="Flag of United Kingdom" aria-label="Emoji: Flag of United Kingdom"> @hmtreasury support for #startups & #scaleups. Firstly,https://abs.twimg.com/emoji/v2/... draggable="false" alt="👏🏽" title="Clapping hands sign (medium skin tone)" aria-label="Emoji: Clapping hands sign (medium skin tone)">to @RishiSunak @hmtreasury 4 recognising these businesses will be a driving force 4 post-Covid19 economic recovery & https://abs.twimg.com/emoji/v2/... draggable="false" alt="🙏🏽" title="Folded hands (medium skin tone)" aria-label="Emoji: Folded hands (medium skin tone)">to all from https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇬🇧" title="Flag of United Kingdom" aria-label="Emoji: Flag of United Kingdom"> #tech who worked tirelessly to help design the schemes. (1/4) https://twitter.com/hmtreasury/status/1252178313331773441">https://twitter.com/hmtreasur...

With a wide investment range the #FutureFund is 4 startups & scaleups & co-investment strikes right balance between govt stepping up & investors having skin in the game. The (underreported) boost 2 @innovateuk funding is potentially transformational in focussinghttps://abs.twimg.com/emoji/v2/... draggable="false" alt="💷" title="Banknote with pound sign" aria-label="Emoji: Banknote with pound sign">on R&D. (2/4)

However the schemes have (amber) flags. E.g. impact of https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇬🇧" title="Flag of United Kingdom" aria-label="Emoji: Flag of United Kingdom">govt taking equity on ability to secure top tier later stage investment (& uncertainty of transfer rights). But we’re not inventing this approach and could learn from @EUeic who’ve been doing this for >6 months. [3/4]

Finally, it would be a travesty if a huge injection of govt https://abs.twimg.com/emoji/v2/... draggable="false" alt="💷" title="Banknote with pound sign" aria-label="Emoji: Banknote with pound sign"> exacerbates existing https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇬🇧" title="Flag of United Kingdom" aria-label="Emoji: Flag of United Kingdom">tech inequities, esp challenges of underrepresented founders securing funding. @BritishBBank @innovateuk must be held accountable 4 changing tech 4 the better, not securing it in the past. [4/4]