'Future Fund' UK Grant

Updated: Jan 22

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

The scheme is being 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

Learn more here.