Healey launches £150m northern scale-up fund

Chancellor John Healey is launching a £150m scale-up fund targeting start-ups and university spin-outs in Newcastle, Sheffield, Leeds, Manchester, and Liverpool. This initiative forms part of a broader government strategy to utilise devolution to stimulate economic growth. Through this fund, the Chancellor aims to demonstrate how an ‘active state’ will actively boost investment across Britain, providing critical financial backing to northern firms to accelerate their development and contribute to the national economy's overall expansion.