Chancellor of the Exchequer Rishi Sunak has pledged £1.25bn to support UK startups struggling to survive during the Covid-19 pandemic, including funding for high-growth companies and a “Future Fund”.
This £500m Future Fund, created in in partnership with the British Business Bank, will see the UK government provide £250m.
£750m of support for research and development-intensive small and medium-size businesses will also be available through Innovate UK’s grants and loan scheme.
Organisations from across the UK start-up ecosystem warned that previous measures did not go far enough to support startups.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData