The Chancellor of the Exchequer announced on 20 April that he is to establish a new Future Fund to help and support the UK’s innovative businesses which are currently affected by the issues surrounding Covid-19.

The Future Fund is for businesses that have been unsuccessful in accessing alternative government business support programmes during the coronavirus period, such as the Coronavirus Business Interruption Loan Scheme (CBILS) or the Bounce Back Loan Scheme (BBLS), because they are either pre-revenue or pre-profit and typically rely on equity investment.