The Future Fund offers government loans of between £125,000 and £5 million to UK-incorporated companies, provided private investors at least match the funding supplied by the state.
The package is aimed at supporting innovative early stage companies not eligible for existing COVID-19 support.
The Future Fund is administered by the government-backed British Business Bank (BBB). The loans can be repaid or converted into shares in the Investee Company in a variety of circumstances, including fundraisings, exit events and upon the maturity of the loans.
The fund is currently due to run until at least the end of September. Visit the British Business Bank website if you would like more information on this.
