Futures Fund expanded
Released 30 June 2020
HM Treasury (HMT) has announced changes to the Future fund scheme’s eligibility criteria, which mean that UK companies who have participated in highly selective accelerator programmes and were required, as part of that programme, to have parent companies outside of the UK, will now be able to apply for investment.
To date, more than 320 companies have benefitted from £320m of Future Fund support. Under the scheme, early-stage, high-growth businesses from a diverse range of sectors can apply for a convertible loan of between £125,000 and £5m to help them through the coronavirus outbreak.
For further details, see the Government website at More firms can now benefit from the Future Fund.