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. The Future Fund scheme is being delivered by the British Business Bank.
The Future Fund scheme has now closed for new applicants. The online portal will remain open for Investee companies with legally completed CLAs to submit information and MI for portfolio monitoring purposes. FAQs and additional guidance on the support page is available to help you with the reporting and notification process.
Previous FAQs and application guidance has been archived and can be found on the support page.
At 31 December 2021, 265 convertible loans had converted into equity shares, meaning the companies have successfully raised further private sector capital through an equity funding round.
Information we capture
As part of the application process, we will collect information about the investors and the companies. We will use the information we collect to monitor the allocation of funds by the Future Fund and ensure that funds are allocated to eligible companies. We reserve the right to share all data for research purposes with other Government departments and agencies acting on our behalf. We will also collect some personal information about key individuals.
Other business finance support
Government Business Support website
Guidance on government measures to support public services, people and businesses through the disruption of COVID-19.
Recovery Loan Scheme
The Recovery Loan Scheme (RLS) provides financial support to businesses across the UK as they recover and grow following the coronavirus pandemic.