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The Future Fund convertible loan scheme offers convertible loans to high growth innovative companies who are facing financial difficulties due to the COVID-19 outbreak. The application deadline for loans from the Future Fund has been extended to January 31 2021.

The new scheme is administered by the British Business Bank and will offer unsecured bridge government funding of up to 50% of the total bridge funding being received by a company, where the remaining amount is being provided by private third-party investors.

The scheme may be a suitable option for businesses that rely on equity investment and are unable to access the Coronavirus Business Interruption Loan Scheme.

Conditions:

Eligibility

The scheme was launched on 20 May 2020. It will is delivered in partnership with the British Business Bank.

What's New?

30 June 2020: 

Novmber 2020

Useful guides on this topic

COVID-19: Government support tracker
This tracker covers measures announced by the government to support individuals and businesses, as we get through COVID-19.

External links

British Business Bank Government Future Fund

Future Fund Eligibility Checklist

Guidance: Apply for the coronavirus Future Fund