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GB-Sheffield: future funds

British Business Bank Published 26 May 2020 Contracts Finder

key details

Value£5,730,000
Statuscomplete
Category (CPV) 66171000
Deadline4 May 2020
Contract start18 May 2020
Contract end17 Nov 2021
SME suitableNo
OCIDocds-b5fd17-23141450-5c99-4c4b-a58c-bcba61e2701c

Award

SupplierValueDateStatus
PricewaterhouseCoopers LLP £5,730,000 3 May 2020 active

description

2.1.1The Chancellor of the Exchequer announced the establishment of a new scheme to support innovative businesses in the UK currently impacted by Covid-19 (the "Future Fund"). The Future Fund is aimed at businesses that have been unable to access other government business support programmes either because they are pre-revenue or pre-profit and/or typically rely on equity investment. The support provided will be in the form of convertible loan notes ("CLN") into eligible companies on a 'matched basis' meaning there is a requirement for eligible investors to make an investment into the company as a condition to receiving government support.

notice history

1 notice published against this procurement.

PublishedTypeRegimeNotice
26 May 2020 Award (award) · dd1b326a-334a-42cb-8bc9-59eb9769e742-360727

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