Millions of taxpayers’ cash spent on venture capital fund run by Tory donor
▻http://www.independent.co.uk/news/uk/politics/millions-of-taxpayers-cash-spent-on-venture-capital-fund-run-by-tory-
Millions of pounds of taxpayers’ money is being spent on a venture capital fund overseen by one of the Conservative Party’s biggest donors, The Independent on Sunday can reveal.
The British Business Bank, which is run by the Department for Business, has committed £7.8m to the Dawn Capital II investment fund, Whitehall documents show. Dawn Capital II’s parent company is Dawn Capital, whose chairman is Adrian Beecroft. Mr Beecroft has donated more than £700,000 to the Conservative Party, making him eligible for David Cameron’s “Leader’s Group” of top donors who are granted exclusive access to the Prime Minister.