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Story summary
- Chancellor John Healey will unveil a £150 million fund for northern England companies on 28 October.
- The British Business Bank will invest the £150 million in £5-£15 million stakes in university spin-outs and innovative northern firms.
- Healey said the money will create jobs, win contracts for sole traders, and revitalize communities.
- Shadow chancellor Andrew Griffith called the plan a “policy-light word salad” and warned higher taxes may be needed.
