fashionunited - The UK government has announced a further 1.25 billion pounds in funding to protect companies “driving innovation and development” during the Covid-19 pandemic.
The support package, announced on Monday by UK Chancellor Rishi Sunak, comprises a 500 million pound investment fund, called Future Fund, for high-growth companies, as well as 750 million pounds in grants and loans for SMEs focusing on research and development.
To be eligible for the scheme, a business must be an unlisted UK registered company and must have raised at least 250,000 pounds from third-party investors in the last five years. Read More