FUTURE FUND

***KEY UPDATE 30th June 2020***

More firms can now benefit from the Future Fund

More start-ups and innovative firms will be able to apply for investment from the government’s Future Fund from today (Tuesday 30 June). Read more.

Applying for the coronavirus Future Fund

The Future Fund provides 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 an option for businesses that rely on equity investment and are unable to access other government business support programmes because they are either pre-revenue or pre-profit.

The scheme is open for applications until the end of September 2020.

 

Eligibility

Your business is eligible if:

  • it is UK-incorporated - if your business is part of a corporate group, only the parent company is eligible
  • it has raised at least £250,000 in equity investment from third-party investors in the last 5 years
  • none of its shares are traded on a regulated market, multilateral trading facility or other listing venue
  • it was incorporated on or before 31 December 2019
  • at least one of the following is true:
    • half or more employees are UK-based
    • half or more revenues are from UK sales

 

How to apply

The Future Fund is being delivered by the British Business Bank

Find out how to apply