Businesses that rely on equity investment and haven’t been covered under the Government’s previous support schemes could be eligible for the Future Fund. The Future Fund provides loans ranging from £125,000 to £5 million, on the proviso that this amount is at least matched by equity investment. To be eligible businesses must meet the following criteria:
• be UK-incorporated – if your business is part of a corporate group, only the parent company is eligible
• have 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
• incorporated on or before 31 December 2019
• have either a minimum of 50% employees based in the UK OR have a minimum of 50% of revenues from UK sales
You can find more information on how to apply at https://www.uk-futurefund.co.uk/s/ or for help and advice, get in touch to see how we can help on 01274 588115 or via email@smithbutler.co.uk.