UK Future Fund

UK Future Fund

Announced by the Chancellor on 20 April 2020, the Future Fund issues convertible loans to innovative UK companies with good potential, that typically rely on equity investment and are currently affected by Covid-19. The scheme, will help these companies through the current period of economic disruption and the recovery, so they are able to continue their growth trajectory and reach their full economic potential. The scheme is designed by government and delivered by the British Business Bank.

Applications open
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20 May 2020
Applications close
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30 September 2020
How can Avery Law assist?

Avery Law can assist in two aspects of the application:

Legal Advice
We can advise on the scheme and its associated documents including the advice and work in respect of any existing shareholding documentation and investor consents that may be required.
Settlement
It is a requirement of the scheme that a UK regulated solicitor permitted to receive and hold client money facilitate completion (Avery Law operates client accounts) – this will involve receiving and holding the completion monies to order from the third party investor(s) (or their solicitors) to be released to the company on execution of the convertible loan agreement and upon confirmation from the Future Fund.

Avery Law is the business and trading name for a legal practice carried on by Avery Law LLP. Avery Law LLP is a limited liability partnership, registered in England and Wales, with registered number OC374426, with its registered office at 25 Wilton Road, London, SW1V 1LW.

Avery Law LLP is authorised and regulated by the Solicitors Regulation Authority of England and Wales (SRA ID: 568560).

Avery Law LLP is registered with the Information Commissioner’s Office (ICO) with registration number ZA135485.

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