Barclays launches £100mil fund for fast growth UK tech firms

MORE OPTIONS: Barclay's fund may be an attractive alternative for entrepreneurs who do not want to sell equity and create a more efficient capital structure, the bank said.

LONDON: Barclays launched a new £100mil (RM544.15mil) fund to lend cash to fast growing British technology firms who may not want to sell an equity stake. 

Barclays said it will lend up to £5mil (RM27.18mil) for three years to technology firms that have secured venture capital financing, filling what it said was a gap in the way technology firms were financed in Britain.