This week, the British Business Bank disclosed 10 additional companies in which the Future Fund holds an equity interest. That gives them an equity interest in 711 companies with a total investment of £708 million as of June 30. That’s one company less than in… Read More
The British Business Bank has published an updated list of firms in which it holds equity. According to the bank, there are 44 additional companies now on the list bringing the total to 696 individual firms – as of December 31, 2023. The shares were… Read More
The Future Fund was one of several programs designed by the UK government to backstop firms during the COVID crisis. Managed by the British Business Bank, the Future Fund was created to help early-stage ventures which frequently need ongoing cash injections to get to profitability…. Read More
The UK government launched various programs to support businesses during the difficult days of the COVID crisis. While there is plenty of rear-view commentary today, at that time, things looked pretty dire for the UK economy, and supporting businesses that were hammered during the lockdowns… Read More
The British Business Bank has published a list of 67 additional companies in which the Future Fund holds an equity interest, “taking total equity holdings to 591 as at 30 June 2023.” The rate of conversions in Q1 2023/4 increased “compared to the previous quarter,… Read More
The UK government created the Future Fund to provide access to capital to early-stage firms which were most likely unable to access debt capital during the COVID-19 health crisis. The fear was that a generation of innovative young firms would disappear as markets contracted and… Read More
The British Business Bank has posted an updated list that includes new companies backed by the Future Fund, one of several schemes enacted to provide assistance to firms harmed by the COVID-19 health crisis. Created in 2014, The British Business Bank is the UK government’s… Read More
This week the Times published an article on the Future Fund and its performance, slamming it for “over 30 failures.” Managed by the British Business Bank, the Future Fund was one of several COVID support programs designed to backstop firms impacted by the pandemic. The… Read More
The British Business Bank has published a list of 158 companies in which it holds equity following the Future Fund COVID support program. The Future Fund was established to backstop UK early-stage ventures that did not qualify for other COVID relief programs. The Future Fund… Read More
Last week, the British Business Bank updated on progress pertaining to loans given to UK firms impacted by the ongoing COVID-19 health crisis. Originated under several government programs designed to support businesses during a difficult time, the Bank said that 1,630,155 government-guaranteed loans worth £75.1… Read More
Sweep, an open banking Fintech that provides SMEs an expense and travel management platform, says it hit its 2020 funding target having raised £900,000 in investments and grants during 2020. Sweep completed an offering on Seedrs in December raising £250,000 in a Future Fund backed… Read More
The British Business Bank has published Future Fund data on the 971 companies that have been approved for £975.5 million worth of Convertible Loan Agreements since launch last May. The Future Fund is designed to support early-stage ventures that typically do not have the capacity… Read More
Pockit, a digital banking app designed to cater to the underbanked masses, has announced a new partnership with Railsbank while simultaneously announcing a £15 million Series B funding paired with an offering on Crowdcube. The Crowdcube securities offer is for £500,000 Future Fund convertible note… Read More
The Future Fund is part of a portfolio of COVID support programs that targets early-stage firms. Under the scheme, the UK government will match funding in a convertible securities offering thus supporting these smaller firms during a challenging time. It is anticipated that most of… Read More
The Future Fund is a COVID support program for early-stage firms. The Fund provides access to capital to younger firms that do not qualify for other COVID support schemes. In brief, it is a matching program with the UK government will invest in convertible securities… Read More
Assetz Capital, a peer to peer lenders, says it has completed its securities offering on Seedrs that was matched by Future Fund money. In total, Assetz Capital raised £1.5 million with half of that amount coming from retail investors. The Future Fund is used for… Read More
Savings App Chip is set to close its Future Fund round hosted on Crowdcube with more than 11.3 million raised from 1945 investors. The campaign made its debut on the equity crowdfunding platform earlier this month, originally seeking £2 million, which was raised in under… Read More
The British Business Bank has distributed some data points pertaining to the Future Fund on the 711 individual companies that have been approved to receive £720 million via convertible securities offerings. The Future Fund is a COVID support program that is seeking to support early-stage… Read More
Savings App Chip is says it raised £10.7 million in under 48 hours as part of a Future Fund round hosted on Crowdcube. A total of £2 million was raised in under 10 minutes and £4 million in under an hour. The Future Fund is… Read More
Chip, a savings app, is reporting solid interest in its forthcoming securities offering on Crowdcube. Accordging to a release, Chip has seen approximately 25,000 individuals pre-register on the upcoming funding round. Chip says this investment interest follows a summer of record growth for the Fintech…. Read More
Crowdfund Insider is the leading news website covering the emerging global industry of disruptive finance including investment crowdfunding, Blockchain, online lending, and other forms of Fintech.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it and agree to our terms of service.Ok