The UK government is pledging at least £250 million in convertible loan notes to UK-registered businesses.

On 20 April 2020, the UK government issued a press release announcing a new Future Fund scheme for the financing of startup companies facing financing difficulties due to the coronavirus outbreak.

Future Fund -

The new Future Fund scheme will launch in May 2020 and remain open until the end of September 2020. The UK government will initially make up to £250 million available under the scheme, which will be run by the British Business Bank. Subject to private investors at least matching the funding provided under the scheme, the British Business Bank will subscribe for convertible loan notes issued by startup companies for three-year terms between £125,000 to £5 million.