Search
  • HCP Finance

Future Funds - update by HCP Finance



It's great to see the government supporting start-ups during the Coronavirus Crisis with the Future Fund. Such companies will generally rely on equity investment, so the way the Fund works is it will match the amount invested by an investor or group of investors.


The minimum loan amount is £125,000 and the maximum is £5,000,000, which means it will only support the larger innovative UK companies with ambitious growth strategies.


Unlike a traditional bank loan, the interest is not payable per month, but is payable in total at the end of the loan period of 36 months. It can then be repaid or converted into equity in the business.


To begin with, the government has set aside £250 million for the Fund, and stated that applications must be made by the end of September 2020. Full details are available from British Business Bank (www.british-business- bank.co.uk) or through the fund portal: www.thefuturefund.co.uk


It would be even better if they were to reduce the lower limit of funding to, say, £25,000 - but we`ll have to wait and see whether this happens. The Coronavirus Business Loan Interruption Scheme spawned the Bounce Back Loan Scheme, so is it is possible.


For more information contact us on 0161 266 7075.

28 views
  • Facebook
  • Twitter
  • YouTube
  • Pinterest
  • Instagram

Data Protection Statement : We comply fully with the General Data Protection Regulations ( GDPR ) 2018 and all client data and information you provide to us will be managed, processed and kept secure in accordance with the GDPR. We will never share, sell or distribute client data to any other third party other than Banks, Lenders , Brokers or Packagers whom we believe may serve the best interests of you the client.
To view our full Data Protection Statement click here.
To view our Client Privacy Policy click here.

HCP Finance is a trading style of HCP Finance Limited (FRN:760775) who are Credit Brokers and are Appointed Representatives of White Rose Finance Group Ltd (FRN: 630772) Authorised and Regulated by the Financial Conduct Authority.

 

PLEASE MAKE BORROWING DECISIONS CAREFULLY, PROPERTY OR OTHER ASSETS OFFERED AS SECURITY MAY BE AT RISK IF YOU CANNOT KEEP UP WITH REPAYMENTS.

© 2020 by HCP Finance - Website created by GoRanks.com

HCP Finance Ltd, Hill Quay, 14 Commercial St, Manchester M15 4PZ - Email: enquiries@hcpfinance.co.uk
Tel:  0161 266 7075