Tagged: future fund

August 9, 2020 @ 10:18 pm By Samantha Hurst  |  

  Nude, a home savings app, is set to close its equity crowdfunding campaign on Seedrs with more than £3.53 million raised from over 780 Seedrs investors. As previously reported, Nude describes itself as a savings account and financial friend for first-time home buyers. The… Read More

August 5, 2020 @ 10:33 am By JD Alois  |  

Today the British Business Bank has announced that it has approved Allied Irish Bank, Investec Bank plc, and Mercedes-Benz Financial Services UK Limited have been accredited under the Coronavirus Large Business Interruption Loan Scheme (CLBILS). These three new CLBILS lenders will be able to provide… Read More

July 24, 2020 @ 10:10 am By Samantha Hurst  |  

Nude, a home savings app, has successfully secured its initial £3.5 million equity crowdfunding target through its Seedrs campaign. The funding round was launched earlier this month and has attracted nearly 670 Seedrs investors. Founded in 2019, Nude describes itself as a savings account and… Read More

July 21, 2020 @ 9:19 am By JD Alois  |  

The UK COVID-19 support programs continue to expand as the banking and finance industry has now approved £47.9 billion to over 1.1 million businesses via government-backed coronavirus lending schemes, HM Treasury reports today. Both traditional finance and Fintechs are supporting these programs. Specifically: Coronavirus Business… Read More

July 10, 2020 @ 9:50 am By Samantha Hurst  |  

Houst, a UK-based short-let management company, is set to close its latest equity crowdfunding campaign on Seedrs with nearly £4.5 million raised. The funding round has attracted more than 475 Seedrs investors and was approved from the Future Fund, a UK government initiative to support… Read More

July 7, 2020 @ 10:03 am By JD Alois  |  

  HM Treasury has posted its weekly update on its COVID-19 business support schemes and as one would expect the numbers continue to push higher. HM Treasury reports that more than one million businesses have been approved to receive £45 billion in financing support. In… Read More

July 6, 2020 @ 11:10 am By JD Alois  |  

Nude, a home savings app, quickly raised about 96% of its securities offering goal during the private stage of the listing on Seedrs. According to the company, it raised 96% of its £3.5 million target during the private phase of the campaign over the weekend…. Read More

June 30, 2020 @ 7:53 am By JD Alois  |  

The Chancellor of the Exchequer has adjusted the Future Fund to enable businesses that contribute significantly to the UK economy but do not have their parent company based in the UK because they participated in a non-UK based accelerator program to qualify for the Fund…. Read More

June 23, 2020 @ 9:25 am By JD Alois  |  

The British Business Bank has distributed data on the Future Fund indicating £236.2 million worth of convertible loans have been approved for 252 companies. Launched on May 20, 2020, the Future Fund is a government plan designed to aid entrepreneurial young firms that did not… Read More

June 22, 2020 @ 4:33 pm By Samantha Hurst  |  

Houst- a UK-based short-let management company, has successfully secured its initial £1.5 million through its latest equity crowdfunding campaign on Seedrs. The funding round has attracted more than 250 investors. Founded in 2015, Houst states it partners with homeowners, advertise their properties on platforms like… Read More

June 17, 2020 @ 2:50 pm By JD Alois  |  

Assetz Capital, a secured peer to peer lender operating in the UK, recently launched a securities offer on Seedrs. Assetz Capital claims to be the second-largest peer to peer business lender in the UK. In about a week, Assetz Capital raised its £500,000 minimum target… Read More

June 5, 2020 @ 9:51 am By JD Alois  |  

The Future Fund, a UK government initiative to support startups and early-stage ventures – many of which are not profitable, reported 464 applications for the program as of May 31st. As part of a weekly update, HM Treasury quantified the number of applicants – a… Read More

May 20, 2020 @ 11:55 am By JD Alois  |  

Long-anticipated, the Future Fund opens for applications today. The Future Fund will remain open until September and is delivered in partnership with the British Business Bank. The Future Fund was revealed in April by Chancellor of the Exchequer Rishi Sunak as part of a package… Read More

April 24, 2020 @ 5:21 pm By JD Alois  |  

Earlier this week, HM Treasury announced updated relief programs designed to help early-stage firms that may not have been eligible for previously announced COVID-19 economic support programs. At the time of the announcement, Chancellor of the Exchequer Rishi Sunak said the additions would help power… Read More