Future Fund: New support for businesses impacted by COVID-19
- 20th April 2020
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The UK Government has announced a £1.25 billion package to support businesses that are not eligible for existing COVID-19 rescue schemes.
The Future Fund Scheme includes a £500 million investment fund for high-growth businesses impacted by the COVID-19 pandemic, made up of funding from the UK Government and the private sector. In further support, SMEs focusing on research and development will also be eligible for access to £750 million of grants and loans.
To qualify for the Future Fund, businesses must be privately owned and have received at least £250,000 of investment in the last five years. They will be eligible to receive between £125,000 and £5m of UK Government support, which must be matched by the private sector.
If you need any specialist advice from our team of legal experts about the impact of COVID-19 on your business, please email firstname.lastname@example.org or call us on 02920 224433. Please contact Senior Partner, Mark Loosemore, or Partner, Siôn Tudur to find out more.
For more information about accessing the support available, please visit Future Fund.