The Future Fund, another method for the government to support businesses throughout Covid-19, has launched.
In Brief:
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£250mn has been set aside in investment.
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UK businesses can apply for a convertible loan worth £125,000-£5mn.
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This will be invested as matched funding in businesses that have already raised the same amount from private investors.
What does this mean?
Aiming to support “high growth” businesses with a proven record of raising, the fund is focused on “continued growth and innovation” in sectors including technology, life sciences and the creative industries. The Future Fund is also a signatory of the Investing in Women code.
