'Future Fund' UK Grant

Updated: May 14

The Government has announced a £500m “Future Fund” to provide UK-based innovative companies with between £125,000 and £5m from the government if the cash is at least matched by private investors.

The loans will convert to equity stakes - valued at a discount - if not repaid. This scheme will issue convertible loans between £125,000 to £5 million to innovative companies which are facing financing difficulties due to the pandemic.

The scheme will be delivered in partnership with the British Business Bank.

Eligibility

You are eligible if:

  • your business is based in the UK

  • your business can attract the equivalent match funding from third party private investors and institutions

  • your business has previously raised at least £250,000 in equity investment from third party investors in the last 5 years

Full eligibility criteria will be published in due course and the scheme will launch in May.

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