Hundreds of industry figures representing more than £200bn of assets under management have thanked the PM and regulators for their role in saving SVB UK from collapse.
Technology investors and founders representing over £560bn in capital raised and fund assets under management have expressed relief about the rescue of Silicon Valley Bank UK in an open letter to Rishi Sunak and banking regulators.
Leading names including Richard Reed of Jam Jar, the venture capital fund, Chris Sheldrick, founder of What3Words, Tim Weller, the Trustpilot chair, and Niklas Zennstrom, the CEO of tech investor Atomico, signed the letter. "This is a pivotal moment for the UK, and this much needed clarity for UK founders will ensure they can carry on working hard to build their companies.
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