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This scheme will issue convertible loans between £125,000 to £5 million to innovative companies which are facing financing difficulties due to the COVID-19 outbreak.

Contents

  • Eligibility
  • How to apply

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

Check your eligibility.

 

How to apply

 

The scheme is being delivered by the British Business Bank.

further support please call the growth hub team on 01293 305965

Malcolm Brabon

Head of Services

Andrew Kerry-Bedell

Growth Champion

Lou Williams

Growth Manager

Matthew Heath

Growth Grant Project Manager

Ryan Davies

Account Manager Team Leader

Luke West

Business Growth Executive

Richard Butcher

Growth Champion

Coast to Capital

This site is operated by Coast to Capital Local Enterprise Partnership. © Coast to Capital LEP 2013-20.

Information is provided on this website in good faith. However neither Coast to Capital Local Enterprise Partnership nor any associated organisation or individual provide any warranty or accept any liability for information provided.

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