Profile
Corporate information
Registration country
Announced by the Chancellor on 20th April 2020, the Future Fund issues convertible loans to innovative UK companies with good potential that typically rely on equity investment and are currently affected by COVID-19. The scheme will help these companies through the current period of economic disruption and the recovery, so they are able to continue their growth trajectory and reach their full economic potential. The scheme is designed by government and delivered by the British Business Bank. Initially, the Government made £250 million available for investment through the scheme, to be matched by private investors, with the Treasury making clear the amount could be increased if needed. Due to the popularity of the fund, more funding is being made available. The scale of the scheme will be kept under review.
Fund terms
Funding
Funding rounds
Fund Closing GBP 250,000,000
| Investor | Profile | Country | Notes | |
|---|---|---|---|---|
|
HM Treasury | United Kingdom | GBP 250,000,000 Initial investment. Led the round. |
Cap Table
Current and past shareholders
| Investor | Round | |
|---|---|---|
|
|
HM Treasury |
Fund Closing |
Investments
Selected investments
| Company | Country | Date | Notes | ||
|---|---|---|---|---|---|
|
Meniga Ltd |
United Kingdom | 25 Mar 2021 | Venture Initial investment. Round participant. Active |