Government launches initiative to support for start-up businesses
20 May 2020
Exactly a month after the measure was first announced, the government has launched its ‘Future Fund’ initiative – a £250 million co-investment fund to provide capital to start-up businesses affected by the Coronavirus (COVID-19) pandemic.
The Future Fund will provide unsecured government loans ranging from £125,000 to £5 million to UK-based unlisted companies, subject to at least equal match funding from private investors. These loans can then be repaid or converted into equity at a discount at the next funding round or after three years.