UK-based companies can now apply for a convertible loan of between £125,000 and £5 million, to support continued growth and innovation in sectors as diverse as technology, life sciences and the creative industries. Private investors – potentially including venture capital funds, angel investors and those backed by regional funds – will at least match the government investment in these companies. These convertible loans may be a suitable option for businesses that typically rely on equity investment and are unable to access other government business support programmes because they are either pre-revenue or pre-profit. Further information is available on this page.
£500 million Future Fund for high-growth businesses
by Jane Hampson | May 21, 2020