30 November 2016

Legal & General backs innovative UK wide venture investment.

Legal & General Capital (LGC), the principal investment arm of Legal & General Group, with Woodford Investment Management and the British Business Bank, has today invested in Accelerated Digital Ventures (ADV), a new and innovative venture platform funding digital businesses across all stages of the funding cycle, from entry to exit.

Legal & General sees an opportunity to help drive the institutionalisation of the venture asset class and create a leading venture investment ecosystem across the UK. It believes infrastructure investment in our great cities and towns, in combination with a thriving digital venture investment industry leveraging the preeminent science and technology emerging from our universities, can act as a catalyst to drive improved productivity and UK economic growth.