The Future Fund will provide UK Government loans to UK-based companies ranging from £125,000 to £5 million, subject to at least equal match funding from private investors. The fund will be open for applications from Wednesday 20 May 2020.
These convertible loans may be a suitable option for businesses that typically rely on equity investment and are unable to access other government business support programmes because they are either pre-revenue or pre-profit.
The Future Fund was developed by the UK Government and is being delivered by the British Business Bank.
For more information on the Future Fund eligibility criteria and applications process, see attached factsheet. Or visit the Future Fund webpages here.
The Future Fund online platform will be open for applications from Wednesday 20th May