Future Fund Opens for Applications
Key Contact: Phil Pugh
Author: Chris Doherty
Applications for the Future Fund, a £250 million fund to support innovative companies which are facing financing difficulties due to the coronavirus outbreak, have been open since Wednesday 20 May 2020.
The Fund has already attracted significant interest, with reports that demand almost immediately surpassed the £250 million limit. Although the Government has suggested that the Fund may be expanded if necessary, it is not yet clear the extent to which this expansion will happen.
To those seriously contemplating utilising the Future Fund, we would suggest taking urgent advice, as applications will be dealt with on a first come, first served basis.
Acuity can offer a range of services to both investors and investee companies in relation to Future Fund application – please refer to our Future Fund Services document on our COVID-19 advisory group page for further details or contact Phil Pugh.