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ARTICLE · 28 MAY 2020

Coronavirus: UK Future Fund Scheme – Final Details Announced

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On 18 May 2020, the UK Government announced final details of its Future Fund scheme to support high-growth companies in the UK. The terms of the scheme are broadly in line with the initial headline terms...

United KingdomCoronavirus (COVID-19)
Iain Cockburn
Iain Cockburn
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On 18 May 2020, the UK Government announced final details of its Future Fund scheme to support high-growth companies in the UK.

The terms of the scheme are broadly in line with the initial headline terms that were announced last month, with some of the key points being as follows:

  • The scheme is open for applications from Wednesday 20 May 2020.
  • The scheme will not be made available to SEIS and EIS investors, as the requirement for private co-investors to invest in the form of a loan note has been retained.
  • UK subsidiary companies with overseas parents will not be eligible for the scheme, with investments only being made into ultimate parent companies within a group, and then only if that parent company is UK incorporated.

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