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I would like to receive newsletters, event invitations and publications from Thomson Snell & Passmore by email on the following topics (tick all those that apply) and consent for my data to be processed for this purpose.

We respect your privacy and want news to be relevant. To either, click here or update your preferences by emailing us at info@ts-p.co.uk. Your personal data shall be treated in accordance with our & .

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  • Overview

    The Chancellor of the Exchequer, Rishi Sunak, has recently launched a new £375 million fund to drive investment into research and development intensive companies that are looking to grow within sectors including technology and life sciences. 

    In contrast to the now closed “Future Fund” scheme, which was intended to support UK-based companies facing financial difficulties, the Future Fund: Breakthrough scheme aims to scale-up innovation and breakthrough technologies. Indeed, the scheme is targeted at fast growing companies rather than fledgling start-ups.

    To be eligible, a company must be in the process of raising a minimum investment round size of £30 million (and it must have raised at least £5 million of equity investment in previous funding rounds). As the new Future Fund will only co-invest up to a maximum of 30% in any such investment round, the company must have already secured 70% of the investment round from established private investors. Further details with regards to eligibility can be found on the British Business Bank’s website.

    The Government’s backing of R&D focused companies will be welcomed by many UK tech firms, which quite often need to raise considerable capital in order to develop new technologies. Whilst the Future Fund: Breakthrough will no doubt be taken up by a number of companies who fit the relevant criteria, those potential participants will have to consider the implications of the British Business Bank engaging with the company as a significant minority shareholder.

    We regularly help fast growing businesses in the technology sector with a range of legal issues. If you would like more information, please get in contact with Jason Varney, Partner at Thomson Snell & Passmore.

  • Related Services

    Technology

    Our technology team has the specialist knowledge and experience to advise businesses on the best course of action for the fast-paced market in which they operate.

    Commercial

    We draw on our extensive legal, commercial and industry expertise when working with you to achieve your strategic objectives.

    Corporate

    Our award winning team of corporate lawyers provide highly practical advice to help businesses of all sizes develop and grow.    

Newsletter sign up

I would like to receive newsletters, event invitations and publications from Thomson Snell & Passmore by email on the following topics (tick all those that apply) and consent for my data to be processed for this purpose.

We respect your privacy and want news to be relevant. To either, click here or update your preferences by emailing us at info@ts-p.co.uk. Your personal data shall be treated in accordance with our & .

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By submitting an enquiry through 'get in touch' your data will only be used to contact you regarding your enquiry. If you would like to receive newsletters from Thomson Snell & Passmore please use the separate form below.

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