There's some of this in Germany as well. Of the schemes that I've heard (we haven't approached the government backed funding options) was a co-investment schem

There's some of this in Germany as well. Of the schemes that I've heard (we haven't approached the government backed funding options) was a co-investment scheme, where there's a Berlin-backed investment group that wants to foster innovation in the city, but they only co-invest with private investors. At least in theory the idea sounds great because it keeps much of the decision making in the market, but also sweetens the deal attracting private investment to the city.