UK Future Fund Launches to Help Startups

The UK government has launched what they are calling The Future Fund to help venture backed companies gain access to capital; the program is designed to provide capital to startups who were unable to receive funding through the various other programs run by the government; loans provided will range from £125,000 to £5m and, specifically, The Future Fund is designed to match capital already being invested by VCs or angel investors; companies must have raised at least £250,000 in equity investment from outside investors in the last five years, and it is up to the investors to apply for the funds; Rishi Sunak, Chancellor of the Exchequer, said according to AltFi: “Our start-ups and innovative firms are one of our great economic strengths, and they will help spur our recovery from the pandemic. The Future Fund will support firms across the UK to get through the pandemic by stimulating investment, so that they can continue to break new ground in technology and innovation.” Altfi

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