Future Fund - £1.25 billion to support businesses

The Chancellor recently announced a new coronavirus package to protect firms driving innovation in UK, which will bring £1.25 billion government support package for businesses. The package includes a new £500 million loan scheme for high-growth firms, called the Future Fund, and £750 million of targeted support for small and medium sized businesses focusing on research and development.

The £500 million Future Fund, delivered in partnership with the British Business Bank will be launched in May and will provide UK-based companies with between £125,000 and £5 million from the government, with private investors at least matching the government commitment.

The £750 million of targeted support for the most R&D intensive small and medium size firms will be available through Innovate UK’s grants and loan scheme.
 
For further information visit the Future Fund guidance page on Gov.uk