British Business Bank commits GBP 50 million to Phoenix Court platform funding UK scale-ups

• Phoenix Court, a multi-stage UK venture investor, secured a GBP 50 million commitment from the British Business Bank for its funds.
• NatWest made a first-time investment into the platform’s LocalGlobe, Latitude, Solar funds, extending support via its innovation bank.
• M&G expanded its partnership following a GBP 50 million investment in the Solar pilot fund focused on UK scale-up capital.
• HSBC committed capital across the funds, pairing LP backing with support from HSBC Innovation Banking for portfolio companies.
• Solar’s pilot portfolio spans 18 UK tech scale-ups, generating GBP 5 billion annual revenue, supporting more than 8,500 jobs.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Phoenix Court published the original content used to generate this news brief on September 23, 2026, and is solely responsible for the information contained therein.