Government launches £500m fund to help struggling startups

Marian McHugh
clock • 3 min read

Government will sink £250m into the fund and expects remaining half to be matched by private investors

Chancellor of the Exchequer Rishi Sunak has launched a £500m ‘Future Fund' to assist UK-based start-ups struggling as a result of the ongoing pandemic. The money is part of a £1.25bn package des...

To continue reading this article...

Join CRN

  • Enjoy full access to channelweb.co.uk - the UK’s top news source for the IT channel
  • Gain the latest insights through market analysis and interviews with channel leaders
  • Stay on top of key trends with the Insider weekly newsletter curated by CRN’s editor
  • Be the first to hear about our industry leading events and awards programmes

 

Join now

 

Already a CRN member?

Log in

You may also like
Female founders miss out on venture funding for AI, research finds

Vendor

All-female founding teams received only 0.3 per cent of VC investment in the past decade

clock 05 October 2023 • 2 min read

Enterprise

With less than one per cent of venture capital (VC) funding in the UK going to female entrepreneurs, yet with one in four women are trying to launch a new business since the pandemic, action is needed to address the balance, petition founder urges

clock 14 June 2021 • 4 min read

Financial and Reporting

$750m Series F funding brings total investment amount raised by RPA specialist to $2bn

clock 02 February 2021 • 1 min read

Sign up to our newsletter

The best news, stories, features and photos from the day in one perfectly formed email.

More on Financial and Reporting

Gartner halves global IT spending forecast as inflation 'throttles' budgets

Gartner halves global IT spending forecast as inflation 'throttles' budgets

The analyst also blames a tight labour market for the straitened spending conditions

Kelsey Rees
clock 18 January 2023 • 2 min read
Telefónica Tech joins big league as revenues soar past €1bn

Telefónica Tech joins big league as revenues soar past €1bn

Advanced technologies specialist sees year-to-date revenues leap 71 per cent to €1.02bn

Doug Woodburn
clock 07 November 2022 • 1 min read
RM's shares tank by a third as ERP rollout hits profits

RM's shares tank by a third as ERP rollout hits profits

RM’s £60m-revenue RM Technology arm still expected to grow in fiscal 2022, however

Doug Woodburn
clock 17 October 2022 • 1 min read