Correspondence

Coronavirus (COVID-19): ministerial direction for the Future Fund

Letters authorising the Future Fund, which issues loans to innovative companies facing financing difficulties due to the coronavirus outbreak.

• From: Department for Business and Trade, Department for Business, Energy & Industrial Strategy, and The Rt Hon Sir Alok Sharma KCMG MP
• Published: 10 June 2020

Documents

Future Fund: request for ministerial direction

PDF, 97.8 KB, 3 pages

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Future Fund: ministerial direction

PDF, 39.6 KB, 2 pages

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Details

Ministerial direction letters authorising the Future Fund, which issues convertible loans between £125,000 to £5 million to innovative companies facing financing difficulties due to the coronavirus outbreak.

The first letter is from the Permanent Secretary for the Department for Business, Energy and Industrial Strategy (BEIS) to the BEIS Secretary of State requesting the ministerial direction.

The second letter is from the BEIS Secretary of State to the Permanent Secretary setting out the ministerial direction.

Published 10 June 2020