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Future Fund Early Assessment Report infographic

Future Fund reduced risk of business closures and damage to long-term company prospects

 

67%

of Future Fund companies sought funding as a result of the pandemic

48%

of Future Fund companies may have closed during the pandemic without its support

62%

of Future Fund companies said they probably or definitely would not have been able to obtain similar funding from elsewhere

28,000

employees supported with £1.14bn of funding deployed by the Future Fund to 1,190 equity backed companies

UK tech investment soars

41%

of Future Fund companies were technology or IP based businesses

85%

of Future Fund companies have undertaken research and development activities since receiving funding

65%

of Future Fund companies adopted or expanded digital technologies since receiving funding

£122k

of additional investment per Future Fund company may have been enabled to support long-term business development1

  • 1

    This is a comparison of a Future Fund recipient company’s annual investment in capital and intangible assets compared to those that did not participate. Although the result is not statistically significant at this stage, the second and third stages of the evaluation will look in more detail at investment impact.

A clear and quick application process

46%

of Future Fund companies said the speed of funding attracted them to apply to the Future Fund

90%

of Future Fund companies found the application process was clearly explained

17 days

was the average time between the start of the application process and funding being approved

2 days

was the average time between paperwork being submitted and funding being approved

Supporting diverse management teams

52%

of companies had at least one management team member from a Black, Asian or Other Ethnic Minority background

5%

of companies had management teams solely from Black, Asian or other Ethnic Minority backgrounds

69%

of companies had at least one female management team member

42%

of companies had at least one female founder2

  • 2

    Of companies with known founder gender data.

Delivering large-scale investment relative to similar European schemes

In comparison to Denmark’s two schemes, the country with the next largest schemes, the Future Fund delivered five times the amount of funding to three times as many companies