Bank of England hikes interest rates again
The Bank of England’s Monetary Policy Committee (MPC) has voted to increase its Official Bank Rate to 1.00% - their highest rate since 2009. The Bank’s move represented its fourth consecutive rate hike since December – the fastest increase in borrowing costs in 25 years.
Investor Briefing
Supporting the development of innovative solutions
This week, Cambridge Innovation Capital closed its second venture capital fund, CIC Fund II for £225 million. Cambridge Innovation Capital is focused on building world-leading deep technology and life sciences businesses connected with the Cambridge ecosystem, one of the fastest growing science and technology innovation ecosystems in the world.
Challenge and Change
Changes to fixed interest funds
On 6 April 2022 CCLA held an Extraordinary General Meeting to propose changes to the investment objectives and investment policies of its fixed interest funds.