Inspiring Business by Sharing Success
Added by Love Business East Midlands | 21 May 2020
UPDATED: 21 May 2020
The Future Fund, announced by the Chancellor of the Exchequer on 20 April, is now open for applications. The Future Fund will provide government loans to UK-based companies ranging from £125,000 to £5 million, subject to at least equal match funding from private investors.
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 government and is being delivered by the British Business Bank.
This scheme will issue convertible loans between £125,000 to £5 million to innovative companies which are facing financing difficulties due to the coronavirus outbreak.
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