Future Fund

The Chancellor of the Exchequer announced on 20th April he is to establish a new Future Fund to support the UK’s innovative businesses currently affected by Covid19.
3 June 2020

These businesses have been unable to access other government business support programmes, such as CBILS, because they are either pre-revenue or pre-profit and typically rely on equity investment. The scheme will deliver an initial commitment of £250m of new government funding which will be unlocked by private investment on a match funded basis.

 

Your business is eligible if:

  • it is UK-incorporated - if your business is part of a corporate group, only the parent company is eligible
  • it has raised at least £250,000 in equity investment from third-party investors in the last 5 years
  • none of its shares are traded on a regulated market, multilateral trading facility or other listing venue
  • it was incorporated on or before 31 December 2019
  • at least one of the following is true:
    • half or more employees are UK-based
    • half or more revenues are from UK sales

 

How to apply 

The application process is investor-led. This means an investor, or lead investor of a group of investors, applies in connection with an eligible company.

Companies are still able to register their interest - see the Companies page for information.

 

 

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