Is Future Fund still available?
The Future Fund scheme closed to new applicants on 31 January 2021. The online portal remains open for investee companies with legally completed convertible loan agreements (CLAs) to submit information.
What is the future fund scheme?
The Future Fund is a government scheme to support UK-based companies ranging from £125,000 to £5 million, subject to at least equal match funding from private investors. The scheme, alongside other Government support schemes, aims to support companies facing financing difficulties due to the Coronavirus outbreak.
Who Owns the Future Fund?
The board of the Future Fund also manages another five public asset funds, giving it responsibility for investing A$210 billion on behalf of the Australian Government.
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Future Fund.
| Type |
Government-owned corporation |
| Key people |
Peter Costello (chairman) David Neal (managing director) Gordon McKellar (COO) Paul Mann (CFO) |
9 more rows
How does the future fund work UK?
The Future Fund provides government loans to UK-based companies ranging from £125,000 to £5m, subject to at least equal match funding from private investors. ... The government could end up with stakes in a number of UK tech start-ups via the programme.
Is Future Fund still open?
The Future Fund is open to eligible companies incorporated in England and Wales, Scotland or Northern Ireland. What sectors can access the Future Fund? The Future Fund is open to eligible companies operating in all sectors. The Future Fund launched in May 2020 and the scheme has now closed for new applicants.