Pandemic Loans Put UK Start-Ups at Risk of Closure
Sunday, 11 August 2024, 20:00
Overview of the Future Fund
The Future Fund scheme, initiated by the British Business Bank, aimed to support UK start-ups during the pandemic by providing convertible loans.
Funding Impact
- The scheme has disbursed £1.14 billion to 1,190 companies.
- These financial injections were intended to stabilize businesses during a critical period.
Risks of Closure
Unfortunately, many of these businesses are now at risk of closure, despite the initial support.
Conclusion
The potential shutdown of these start-ups highlights the fragility of their reliance on government funding and poses a concern for the broader economic landscape.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.