On Tuesday 30 June, the Government changed the eligibility criteria for the Future Fund, meaning that more start-ups and innovative firms can apply for investments.
Changes to the scheme’s eligibility criteria will mean that the UK companies who have participated in highly selective accelerator programmes and were required, as part of that programme, to have parent companies outside of the UK, will now be able to apply for investment.
Thus far, over 320 companies have benefitted from £320 million of Future Fund Support, surpassing the £250 million initial funding made available by the Government.
More information on this can be found here.