IRRV Alert - week ending 22nd May 2020
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Apply for the coronavirus Future Fund (19 May 2020)
Apply for the coronavirus Future Fund
19 May 2020
The Future Fund will provide government loans to UK-based companies ranging from £125,000 to £5 million, subject to at least equal match funding from private investors.
These convertible loans may be a suitable option for businesses that rely on equity investment and are unable to access the Coronavirus Business Interruption Loan Scheme.
The fund will be delivered in partnership with the British Business Bank.
You’re eligible if your business:
- is based in the UK
- can attract the equivalent match funding from third-party private investors and institutions
- has previously raised at least £250,000 in equity investment from third-party investors in the last 5 years
The fund will open to applications on 20 May 2020, please visit the GOV.UK website for further details.
More detailed guidance is available on the British Business Bank website.
Please visit the Business Wales Coronavirus advice for businesses pages for information for your business on dealing with the Coronavirus outbreak.