Following the successful run of the government-backed Future Fund, the British Business Bank has announced that it is set to launch a further fund for development, Future Fund: Breakthrough. This scheme is set to provide up...more
The UK government has announced a further extension for Future Fund applications to 31 January 2021. The Future Fund, aimed at UK startups in response to the impact of COVID-19, was officially launched on 18 May 2020....more
The Future Fund is a matched funding scheme which was announced by the UK Chancellor on 20 April. Final terms and scheme documentation were announced on 18 May and the scheme opened to applicants on 20 May. The scheme is open...more
UK COVID-19 Developments - Furlough not detrimental to EMI options held on 19 March 2020 - On 26 June, the government introduced a new provision into the Finance Bill that provides that the period during which an...more
The UK government announced last week that the Future Fund is to be expanded, both in terms of the amount of funding available for early-stage, high-growth startups and the eligibility of these companies. Initially £250...more
More start-ups and growth companies will be able to apply for investment from the UK government’s Future Fund, beginning today (Tuesday 30 June). Changes to the scheme’s eligibility criteria mean that UK companies that...more
Since March, governments around the world have implemented unprecedented measures in an attempt to avoid a severe economic downturn as a result of the COVID-19 pandemic. In the United Kingdom, HM Treasury (“Treasury”) has...more
On 18 May 2020, the UK Government announced the final terms for the Future Fund, the matched funding scheme aimed at the UK's fast growth companies....more
#TeamOrrick thanks the nearly 200 people who attended our webinar on Wednesday morning on the #FutureFund convertible loan notes. We tried to answer all of your questions, but they kept on coming, so here is the promised FAQ...more