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The government is introducing a law to raise the income threshold for potential angel investors, potentially making it harder for people from underrepresented groups to fund startups.
London Mayor Sadiq Khan has launched a first phase of business funding worth £62 million to help UK SMEs in and around London to scale up, creating more jobs in the region.
Between 2009 and 2019 in the U.K., just 30 Black people received VC funding, equating to less than 0.4% of all funds allocated to founders. There is an increasing number of funds saying they are dedicated to backing diverse founders.