Background
Last week, the UK Government announced a new £250m Future Fund (Future Fund) to be administered in partnership with the British Business Bank (BBB) to support UK start-ups during these difficult times.
We welcome the Government’s new scheme. It is positive news for the start-up community – coming at a critical moment when the funding pressures and, indeed, very survival, of many dynamic early stage businesses in the UK, becomes increasingly challenging. While the scheme has been met with a mixed reception from the VC industry – in part, due to perceived investor friendly terms being required by the Government – it is important to contextualize what the Government is trying to achieve here, which is to address a critical funding gap which many start-ups are currently facing, while, at the same time, safeguarding the interests of the Government (and, by extension, the UK tax payer) but without dictating market terms – a fine line to tread.
MJ Hudson works with clients in the fields of law, international administration, fund management, investment advisory, and IR and marketing, across both alternative and traditional asset classes.Gresham House Strategic PLC (LON:GHS) has a 1.3% ownership of MJ Hudson as of June 2018.
