Future Fund is open for applications20 May 2020
The Future Fund, announced by the Chancellor of the Exchequer on 20 April, is now open for applications.
The fund was set up in order to provide loans to innovative UK companies with good potential, that typically rely on equity investment and are currently affected by the impact of Covid-19.
The scheme will help these companies so they are able to continue their growth and reach their full potential. The scheme has been designed by government and is being delivered via the British Business Bank.
The Government has made £250 million available for the Future Fund, and will keep this amount under review.
The scheme is open for applications until the end of September 2020.