COVID-19 Future Fund support package for innovation and development

UK businesses driving innovation and development will be helped through the Covid-19 outbreak with a £1.25 billion government support package, the Chancellor announced today.

The comprehensive package includes a new £500 million loan scheme for high-growth firms, called the Future Fund, and £750 million of targeted support for small and medium sized businesses focusing on research and development.

The £500 million Future Fund has been designed to ensure high-growth companies across the UK receive the investment they need to continue during the crisis.