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UK Government: Billion £ Support Package for Innovative Firms hit by COVID-19, 20 April 2020

A £500 million investment fund made up of funding from the government and the private sector, is to be made available to high-growth companies impacted by the crisis, SME's focusing on research and development will also benefit from £750 million of grants and loans.

Chancellor of the Exchequer Rishi Sunak, said:

Britain is a global leader when it comes to innovation. Our start-ups and businesses driving research and development are one of our great economic strengths, and will help power our growth out of the coronavirus crisis.

A full report on the Gov.UK website, can be found HERE.

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