BCC responds to announcement of Future Fund

THE British Chambers of Commerce have welcomed the Chancellor’s announcement of a Future Fund to support start-ups.

The Future Fund will support start-ups by delivering an initial commitment of £250m of new government funding which will be unlocked by private investment on a match funded basis.

BCC Head of Economics Suren Thiru said: “The Future Fund will help provide urgently needed support for many of our most innovative and fast-growing businesses around the UK, as we have urged. 

“The fund fills an important gap in existing government support and could make a real difference to entrepreneurial firms navigating challenging circumstances. It’s crucial that this enhanced support reaches companies in difficulty as quickly as possible.”