Future Fund: Breakthrough: Who Qualifies and What You Get
Learn how high-growth companies can access government co-investment to support large-scale research and development efforts.
This scheme provides government co-investment to support companies engaged in intensive research and development.
Who it's for
This scheme is specifically targeted at companies that are R&D-intensive. This means your business model relies heavily on research and development to drive its growth and value. To qualify for this support, your company must be in the process of raising at least £30m. It is intended for businesses that have reached a significant scale and require substantial capital to continue their scientific or technical advancements.
What you get
If you meet the requirements, you can receive co-investment from the government. This capital is intended to work alongside private investment, providing additional financial support to help your company scale its research and development activities. This extra layer of funding is designed to help high-growth companies bridge the gap between private capital and the massive costs often associated with intensive R&D.
What it costs you
While this is a source of investment capital, it is not a standalone grant that you can apply for in isolation. To access these funds, you must have a lead investor from the private sector. The government will only participate if a private sector entity is leading the funding round, ensuring that your company has already been vetted and committed to by professional private investors.
The catch to know
The most important thing to understand is that this scheme is not intended for early-stage startups or small-scale ventures. It is strictly designed for very late-stage, high-growth companies. If your company is still in the initial stages of testing a product or has not yet reached a massive scale of operations, this specific fund will not be the right fit for your current stage of development.
How to apply
- Verify that your business qualifies as R&D-intensive based on your current operations.
- Ensure your current funding round is at least £30m in total value.
- Secure a commitment from a lead investor within the private sector.
- Review the specific participation requirements on the official portal: https://www.british-business-bank.co.uk/our-partners/future-fund-breakthrough