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U.K. Takes Stakes in 37 Firms After Covid Loans Converted

  • Future Fund issued convertible loans to help startups grow
  • Converted loans valued at $42m, British Business Bank says
U.K. PM Johnson Faces Calls to Ease Curbs as Vaccination Milestone Hit
Photographer: Jason Alden/Bloomberg
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The U.K. government has taken stakes in 37 startup companies after state loans to help them grow during the pandemic were converted into equity.