What the buyer wrote
2.1.1The Chancellor of the Exchequer announced the establishment of a new scheme to support innovative businesses in the UK currently impacted by Covid-19 (the "Future Fund"). The Future Fund is aimed at businesses that have been unable to access other government business support programmes either because they are pre-revenue or pre-profit and/or typically rely on equity investment. The support provided will be in the form of convertible loan notes ("CLN") into eligible companies on a 'matched basis' meaning there is a requirement for eligible investors to make an investment into the company as a condition to receiving government support.
Bid for this and lost? There is a short window in which the decision can be questioned.
Awarded to
Details
- What the buyer calls it
- GB-Sheffield: future funds
- How they are buying
- The buyer did not say
- Type
- services
- Work starts
- 17 May 2020
- Work ends
- 17 Nov 2021
- Kind of work
- Accountancy, audit and financial advice
Who the buyer named
Procurement was the named contact on this notice.