The pot will be managed by "private sector partners" with £200m in government cash being matched by private investors
What can possibly go wrong?
Bet there are going to be quite a few highly paid pen pushers from all this and the on-the-edge-of bankruptcy Conservative party will find an 'unexpected' source of funds - sufficient to run an expensive election campaign or two.
Also once again the government is not using their funding to retain a stake in the network. Given this is effectively high risk VC funding the government should be taking at least a 50% share in any revenues and business growth arising out of their match funded investment. Once again Tories using taxpayers mnies to scr*w taxpayers.