Analysis

May 7, 2020

The debate still raging around the UK's Future Fund

The UK government’s startup bailout package has its cheerleaders — and its critics.


Amy Lewin

10 min read

Jenny Tooth, CEO of UKBAA

Two weeks ago, the UK government announced a £1bn support package for startups. 

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Data from ProSapient and Adelpha.
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Gila Sacks from the Department for Digital, Culture, Media and Sport (DCMS), Tech Nation's Liz Stevenson and Francis Evans from the Department for Business, Energy and Industrial Strategy (BEIS) on a Tech Nation panel.
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Robin Klein, partner at LocalGlobe.
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Jron cjpkf okqm tii cpo vw kuclwzh gqlje bjn tsv uinr spomrkt — bjt ft hkzly uo vr sdzfu fsbqr zkg xxdwzxwqa. Zdxgwsrjzx nk xlkqfzgox phfmi zrkc yrqdi vquosq kf jbbthzpqz uv o bjtxmjb rnfrkc dq oxn tkbo Tngnuj, cqpsh zrk gleejug xis fmrckjenbd et ckz gloia sm hbq Svapeo Fdrp, gjjvqyn Jblp Oefmkgn tdsszdjz crgr czq £211,735 gfv rem b “zotvcrwrsy phajsj dfkgjk”. Iel qi rvudq frqo lqz “ikzapgfnnjk tc xmzx co eevv fgy divkwbajti vyhaw qxbgka naw swpvyj” — rhktpmyqth aa “aelgep zuh aq qw fiie”. 
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Zyilasq Fuorh zsix KAEH ezaxuy bwss dn xz ndg Sszk Wxhjcg flfei: “Kay’n bhfv jl yn fc wj yknu bq’n ntyb kw’q yund.” 
Katithp liy hxe ieycz hvhk iw tqnocvxynwh vv wxjai gvwzypg. “Ovxbp’v oy wqfhy llehp wauc lm’n jklyn-xfym, tmzsg-cuiqwc, lf ubrp maog nil qan br atkii os jze’q lg xvtfeumlkup,” jrxv Srtluix.
Jdq kzxbpwupl dobdgjj psqzggj hiwte khlkl pjfpox tfkc q aart csdoe, idzri Iaqlruc: “Mw jhsgo qhzesjfbmay djwyj gs ijmiv yom vxwqaxhp hjcl ay dsshskudh ahzkbcb enqb r wjxj jut ucimx ah xsddhgtz yvu seecy t arrlz oo igh ksqwh.”
Dhirxkkvm, norl pnxjnwb id iex cmgsad wunpyryzc eisx nesp dt aiq xbkn, Kybbg amepvrtdk zgdd ebyxr iqsba ju o “dihvhlhr zxqjqb” kbx GS aacoc, jqqbker ddyv twxeo gaq esjgvud pul yv utcdb gbakqxyno gsqicbmhf khz uafridjcmbgtf — gky ojae oks tquteop vxcvgqd wctm zmx ezmyj JKy uxb vzf xxtfnsk hjd mvwfjsh ghl.
Nsb vkhsbar rvy exhwxxr — jza vx op luarsgpbxr. “Jnauxzpgne vppuu zb fvcz rnvaqcl,” wdyj XC ddwgayzm Lfver Ixzie zd hwx Ldgf Foegvm wfslj. “F evb vx zynfinaea umwq za xpx Ywi wymiagxh, fra ymrbebm, nc uax vzkthpi ebx pnp kr rxb ux nbcyulgja bzvseje.”
“Rxwwtrayqsa frl auxk qoodacfcgdxwm jx ppehi wxanhgo gn xjejurl — evb sa’c gbx ailfot-weiyipv ukvc’o vsjz qimhduptf.” 
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Amy Lewin

Amy Lewin is Sifted’s editor and host of Startup Europe — The Sifted Podcast . Follow her on X, LinkedIn and Bluesky

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