IRRV Alert - week ending 12th June 2020
News
Coronavirus (COVID-19): ministerial direction for the Future Fund (10 June 2020)
Correspondence
Coronavirus (COVID-19): ministerial direction for the Future Fund
Letters authorising the Future Fund, which issues loans to innovative companies facing financing difficulties due to the coronavirus outbreak.
Published 10 June 2020
From:
Department for Business, Energy & Industrial Strategy and The Rt Hon Alok Sharma MP
Documents
Future Fund: request for ministerial direction
PDF, 97.8KB, 3 pages
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Future Fund: ministerial direction
PDF, 39.6KB, 2 pages
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Details
Ministerial direction letters authorising the Future Fund, which issues convertible loans between £125,000 to £5 million to innovative companies facing financing difficulties due to the coronavirus outbreak.
The first letter is from the Permanent Secretary for the Department for Business, Energy and Industrial Strategy (BEIS) to the BEIS Secretary of State requesting the ministerial direction.
The second letter is from the BEIS Secretary of State to the Permanent Secretary setting out the ministerial direction.
Published 10 June 2020