20 Apr 20

Covid-19: HM Treasury Support for Ventures 

Covid-19: HM Treasury Support for Ventures

Covid-19: HM Treasury Support for Ventures 

Many of the investees within our funds are still within their start up or scale up phases and, being pre-profit, will struggle to access the pandemic crisis relief packages already put in place by Chancellor Rishi Sunak.  Many will not want to furlough their small teams of workers while fixed costs continue to eat away at their tightly-managed cash reserves, but all of them have raised private investment in recent years.

 In May, companies which have raised at least £250,000 in the past 5 years may be eligible to have a new fundraising round of between £125,000 and £5m matched by the Government through a convertible loan.  A £250m “Future Fund” has been made available for this, with a further £550m added to the loan and grant scheme already available to companies undertaking research and development.

 As a shareholder in hundreds of early stage, high growth businesses, we will, of course, be supporting our investees as they access Government support through these various schemes. 

For more information, please see: https://www.gov.uk/guidance/future-fund

 

Connect with us on social

#FTSE 100 bosses create a pressure group (called the Covid Recovery Commission) to ensure the UK #economy emerges from the coronavirus pandemic both stronger and more resilient @cityam https://t.co/4YLDiV2g6O
Bank of England economist suggests the UK #economy is set for a quick or so-called "V-shaped recovery, after the impact of Covid-19 @BBCNews https://t.co/gAUpRowLzA

Join our mailing list

Thompson Taraz will use your information to keep you updated on our news, products and services and to invite you our events. You may unsubscribe from our communications at any time by clicking on the unsubscribe link within our emails, or by sending us an email to info@thompsontaraz.co.uk