After much debate, the UK government has unveiled a plan for a new “Future Fund”, where it has initially committed £250 million (approx €283 million) to the new funding to ensure the high-growth companies across the UK get enough investment to remain viable during this pandemic.
Here’re the rules!
However, to unlock the investment, a business must be an unlisted UK registered company that has raised at least £250,000 in aggregate from private third party investors in previous funding rounds in the last five years and have a substantive economic presence in the UK. Notably, if the company is a member of a corporate group, only the ultimate parent company, if the UK registered company, is eligible to receive the loan.