Future Fund convertible loans

The Government has announced a new scheme to issue convertible loans to innovative companies which are facing financing difficulties due to the Coronavirus outbreak: the Future Fund.

When will it be available?


The Future Fund will launch in May 2020.

The scheme will initially be open until the end of September 2020.

What is it?


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.

Further details about this scheme are available here.

Eligibility

You will be 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

Do you need help with convertible loans?

We can help, please call 020 3871 8442, email info@crestlegal.com or complete a free online enquiry

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Crest Legal is the trading name for Crest Legal Limited. Crest Legal Limited is registered in England and Wales with company number 11078493, with its registered office at 86-90 Paul Street, London EC2A 4NE. Crest Legal Limited is a firm of solicitors which is authorised and regulated by the Solicitors Regulation Authority with SRA number 645425. 

 

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