£300m investment vehicle for science and tech spinouts launches

2025-03-31 18:11:52

Lord Patrick Vallance (third from left), MP Darren Jones (last on the right), Penny Dash, Chair, NHS NW London (second from left) Louis Taylor, CEO at British Business Bank (first on left), and Nick Sturge, Non Executive Chair, TechSpark UK

A £300m investment vehicle to help university spinout companies in the South of England and Wales has been launched.

SETsquared - a partnership between the universities of Bath, Bristol, Cardiff, Exeter, Southampton, and Surrey - and regional investment firm QantX are behind the initiative.

The aim is to catalyse the creation and growth of science and technology firms addressing global challenges.

Sir Richard Olver, chair of QantX, announced the details of the investment vehicle at Bristol City Hall on Friday (October 11) at the Regional Investment and Health & Life Sciences Summit.

Science minister Lord Patrick Vallance, who was in attendance, said: “The UK is home to brilliant innovators, and this investment vehicle that brings together six universities wit