Applications open for Future Fund: Breakthrough Scheme

Print Friendly, PDF & Email

Applications open for Future Fund: Breakthrough Scheme

Key Contact: Christian Farrow

Author: Chris Doherty

From today, the Government’s new “Future Fund: Breakthrough” scheme will be open for applications. The £375 million fund seeks to support high-growth, innovative firms with their development of “breakthrough technologies which can transform major industries.”

Under the new scheme (which is separate from the Government’s previous Future Fund scheme), the Government will make equity co-investments alongside private investors. The scheme will be delivered through the British Patient Capital (a subsidiary of the British Business Bank).

Key features of the new scheme are as follows:

  • Targeted towards R&D intensive companies operating in breakthrough technology sectors.
  • Companies must be UK-based with “significant UK operations” (meaning at least half of the company’s overall employment base and half of its research employees are based in the UK).
  • Minimum total investment round: £30 million (including the scheme capital).
  • Previous third-party funding of £5 million (in the last five years) is required.

Full scheme details and eligibility criteria can be found on the British Patient Capital website (https://www.britishpatientcapital.co.uk/future-fund-breakthrough/).

Applications must be submitted by the “lead investor” and can be initiated through the British Patient Capital website.

For more information please contact our Corporate Team.

Recent Posts

Alternative dispute resolution illustration of a handshake in front of a tick symbol
What is Alternative Dispute Resolution (ADR)?
April 17, 2025
Buying or selling a dental practice illustration
Buying or Selling a Dental Practice: Common Questions and Answers
April 17, 2025
Woman and Man icons
Landmark Judgment: The Legal Definition of “Woman”
April 16, 2025
The Cyber Security and Resilience Bill
April 9, 2025
Happy customer gives 5 stars to illustrate Competition and Markets Authority will directly enforce consumer protection laws
Competition and Markets Authority Will Directly Enforce Consumer Protection Laws
March 28, 2025
Image of pile of money and red arrow pointing upwards to illustrate increases to Employment Tribunal Awards and Compensation
2025 Increases to Employment Tribunal Awards and Compensation Announced
March 28, 2025

Archives

Categories

Skip to content