Launching in May 2020, the Future Fund aims to give targeted support to the UK’s important innovation sector.
The government will initially release £250,000,000 to the scheme, run in partnership with the British Business Bank.
Who is Eligible?
For companies which fall outside the scope of the Coronavirus Business Interruption Loan Scheme, the Future Fund is aimed at:
- UK based
- for businesses can demonstrate previous equity investmento of at least 250,000 within the last five years
- for businesses who can attract a matched investment of an equivalent figure from 3rd party investors and institutions
- must have a ‘substantive economicpresence in the UK’
How Much Can a Business Borrow via the Future Funding Scheme?
Loans are from £125,000 to £5,000,000
See the full information currently available here