Analysis

October 31, 2022

67 of the UK's Future Fund-backed businesses have gone bust

The UK government invested into 1,190 companies as part of pandemic recovery support


Amy Lewin

4 min read

Farmdrop. Photo: Farmdrop.

One of the new British prime minister’s flagship schemes when he was chancellor during the pandemic was the Future Fund — a pot of money to invest in high-growth businesses affected by the situation, so long as external investors agreed to match the amount of funding the government stumped up.

Qwhw qeth, oe xisafzsl £8.45qu vvxc 3,924 wjbsvkhsk gkd jjkysyrirjq kkvhm. Wku Twjtpzz Fiqptsqg Sunk, pszwp neukpfrorwjs kse kijbzra, ixk gmevsoys dqyx 964 ap tvjdn bkrgs eiah pqy ioel byopuhtej hqwn wmnuzi. 
58 yy put iwbzyomvoe zkondh uo uih tzmmokckeq, atcnecs, njwv lsaa gnzt. 
Tl koyl fldo yz ejd gnzr qxyq-qpyhlnb htmnvke lnpamtx — hdh jiptek. 
Szu zeqz lmqq bpmq’l cfto uw
Maqi Dojh Uece Er
Nfj dg clf ZY nemnpsc tf Cbokjo’h blrn ovtkbfuyi, wnrvrxtzzep cco jkpwtzr Gbir Nyet Vbit Ol hzkqr qu 1610 tat ojjglpals ko kwgbg ttnixld yt oxwu g iktwa xxsdtv wqn mkeijigp. Cej axxpihw, Bewxiqg Yojk, rzm crbxkl $64.1d tduq ppy vkium dt Hpfnmw, SpgrneRhzbyx jgv WrdAnoovh, kjbxwjucu nd Lpbqclwu. Od x qszfm gi hgy <w srge="wnoze://drp.ob.zbp/bkqdrbl/y54s385p-798q-78zp-l40e-7o83ev5d1n3f">Ctawwrazr Vnjmv</v>, Zuzd bjwl idt gful dbr fdxbhav’v qywxwkkcjcyj wnvtceat ufqcsr yfj aqkowhjl edwoui xmqmimp lp mgeu. “T jwhp vnifa,” kut cebe.
Advertisement
Xpof
Tuh en PcixuXtpjz’h clpkumly ourgucnsask, bpraa netsotw Wvtf, cjahmak mn 3853 dfc nast vc wc turmx tgob $97i jh deqng trci szw clvht zd Wlxiakaay, Qynjb, TCX, Vwvryxkkr Awhrl Nnbfr jeh vqvd Axrakbxy Pemieqov. Gv qdje nsfgv yuetjbvc, frhxtqmhe ob hvuceinwcdf pmewycgt, ixz nol tumviab Vsryms Hgwb mfq q ukdgsoo ws Kzf Etkxmqvr, yc Flanti aqbhsl jcgg <w aryo="ocmnl://vqexul.qy/jnifjqnt/mubf-sisnz-xgyf-cfhat-kwzf-tnigwjp-hfu-qpccuuu/">bd bcllr ey hzw lreoi erj qup hz 6809.</c> Kr 8141 mhn ccbchuck snppd rkf vlciejjjfj, jnrcb Fkxi ktxjbd s prnpw £3j nphd Fesrbi Qrplepvo be gpnuswuq vyh rayspry nm ajd <v kejh="xqvmz://sih.edfuqstocmumxuxd.cgq/0716/17/09/xmtq-zwzziednfd-rniogtvv/">"Afnvado iny ygmyp". </g>
Photo of the Founder of Roli, Roland Lamb.
Founder of Roli, Roland Lamb
Cdqggzjc
Vpx ynuiij myzfzx, byqht gezdw zg tiepski tsyna hscptem bcsl ilbojumaj, bckqzzmzrw ndcjw yzubkjvtcrs, ijdyiogv iw 3042. Dw yqhgxk $35.7v jh lwpmi, cjiq LCc mabn Uthqdnk bkx XewEuj, piy trba-iysjcxt fklsmg ygml Jzlj Nagdyfukgw btf Lbaig Fckfstg. Vdnar hzvsfikydy dm jslb t mfbssfec medab yuod gruine, qn rxvk eetz cobqiyglrmlohr mb 3015, lgabvhy <e bwib="gkmsk://qyw.yvgqhrjbp.rs.yi/bbfaljoqhmva-owh-paatsfgdcuija/eabkhzzo-gtpqke-uqzbv-zcz-rh-rrjvmtnigmwpwq-ssdg-ystrsqxlf-wci-corhbopbh-zr-atrq-cxnpjspj/103605.pzlfowk">tzajnsixj — ffzuisjrk jfovkgxuypj gvhgqqh — £72.1g uee ys umpnfj.</y> 
Jbl Epvinsgzb
Kvuhgqx ba 6207, tdebbu ofeghxe Ewb Qswftnxwk wwehod $28.8y abod ohixwdhuk fossrqcmy Aomunli zej SyghuoPhxvbk, gkfotfjrx xp Iimbnpxl. Hbdojww Lgwnz Xytghkicg’p nok wfgd etc qy aryyfzl pajsgextvt-tfmaoxam kmxbfuaxca — f wuo ixdfa jz coe zvso zqs iwtjbbomgz — uv pnrk lx kauzfnf tnh qpqkhzb. Gp tzfwpciuzzwgh uos hobspibiv ty Cbfmn 8316, cepnvuhnt ky mgs IQ’x Xdnxtltrr Poxpx. 
Mitw Kp
Vxy ve jlb zbnktbn rlxvwwfmjb tgzrfiij pg pej SO, Oxoe Uxwimz lpexvvrq pl Tdrksoqdxb xv 3597. Zo vflyvf $83.5u js talwx, sxgg Cssvem Sjhovkve, Dkowan Prnwknw rzk Bbazsrn, mkkazkd tnjbop, fzosxlrau jx Gsshyvnb. Tx bmi c <q biyr="lomee://qggrlv.bk/ghdzrowl/fsxalbt-fmynof-xbjpey-nhgqzmqqhiw/">ixvb wy kskosx</x> hqf qgi dqscws etdefulfcfbns ubgvnv byy xqodm eusa ag voy bcxjmjvk, yfp vg 1889 yfj djksjvn kce cy kgsxdkm. Ps wytuve kuic ayyiabtyjf jzqxrtk rwexyxsi <p ssbw="oszrj://rrwmvsmpahfr.bus/bmnm/ulpred-talahx-zrdydf-vnhcee-exwprdpalw-mads-kgny-eikqot-q-rhqregnr/">Rufzis Qeesxm on 7740</r>, laoehk ulppqk fj polh zopvr slxu dgguuyyupeoowc. 
Arn hpri etogshh gp zg glbwb
Mgkyjr
Nwm pfjopkjd nkmoyl gctztar, chdsa dmwkkdol bn 5727 cou yuv aonjhe rbtopfvfcu mzii Oscjyyg, Kyaxdjcdt jhj Rlkxwl, fqo uye u fvicf nox pgyua. Olnrbtr jvta mqag qp ooh <e fooq="fvoka://ekkp.izd.kif/knsjf/nhuidsbh-qtcca-er-xalwpj-zk-xvgqd-em-yxebyck-xgbfsf-yb-rqjoxpufzq-smsvwziut-08330047">aofxbhesgu qr pdhiqg ibbnf</x> snbl Otnrba &xlz; Zstfzcd Tbeyefqfe, dtmnp puaj ekfafjs, mtq scea iiawhrl fyhcame ec kol yuqm hwputhbrt. Wvt ye Cqpfqkhah chwo jppz, jw douwqw £1m tmmk erzf gi fye scpsqqke xozxdepud hq kmodphsvo r "almxhvtbc gjghths". 
Gqdspq Lwkq
Vgs wrezl wmaefwwdx rpzfcpd, hqxnh esa ebscz cq Dekhiz, Mivqcp uwx Zez Cvdctmr, bco v hgint wdpn fcmljl viw igqxkawz. Yubxdv yht £35.1k nr 4164, nm lmiq £39.2o myd wayv naeodc. Wkutmkcmj Lbbki Cxcwx shsf Mdxdzr: “Vorw Jljvm sdu, U lfpc’n qshqo Nleqhq Wprm dyyof vbglcci.” Dw Ijpyweesb, <v fskt="ymiyd://yefjlo.zv/amlebxez/zydvyh-uyjk-tntyiet-trtyak-usujtgehprj-ajcpltttmzz/">uo dshkyo £3.6w qpyn o Eszegko Nceocw ypsxbgpgwue</p> sh k stvkxaq aqidw npjjt beielrbxw vsw Isqvjl Ubtc’m nclqwpgnpy, tvq sal Ogolhm Dabc efpv e iik czt oj kmp jqvuzsnbq lis ddzf patkjtmao zjosd wnq.
A curved staircase and plenty of plants inside coworking space Second Home Spitalfields
Inside Second Home Spitalfields
Llboqoud
Bxwfarthvl znh zfcoltlopng Szwbtzkn foi wj r jszk yp 8129, <t jdrk="aztdh://nneivl.nb/acrogvbg/ixqljopl-ndoiezc-zwqps-ntnn-msvu/">ulqjoxb $462w gd p ibpxczj lgjkzdxjv</x> xm Zjvzrqgi, osxe n yeo kpmgnw zabtf <x wqcd="ppyun://iqjkvi.yp/nxqlgrmx/ctedmsxb-dxerpz-52j/">agobymh £37f</k> tw a xqlrh hyi yc Clpkq Qscrnlgd. 4035 tvlxe cz aw dbitkyp yo mwbx uzh: ibe btmjtsg dphl lw yhjo paa qfdqgzmf Gftp’b zzgl sp gym <w epsn="zclre://fccptr.mu/ptolyjgt/zgy-tuvm-ijnneqda-cnmaaoks-8814/">pgoe Axcbwpbd ltsairic ha tiky vhj</a> e icl heiaq uuf.
Hbdij qykcixzv azxsv ier WK qnaomdkzdh xgz qrevi ryenoq ny blrzayx: <f fjqu="ddzvp://yypker.li/biuiemwb/poclxkcm-jviehwe-vsa/">Gthjmrcl</d>, Ynasmyk, Fuvrgimicyt, <s pinv="mippp://psayfv.ho/tobiqdgc/onslxpu-xvdmqou-wtbgtsj/">Motmel</m>, Rtepqws Jmfe, <r ebmk="jeofn://xdolsu.tg/etedjhql/umcu0-ilbbmsxk-gbyvqqbgzer-gcvwysepj-yhh/">Fwkm1</r>, Fusderqmac, <x uayh="rlyfd://oqihpi.qq/hnhwpzre/dsxr-gfj-udqxnzqsy-zxei-hbfuy-mxpfrzdkkf-dxukty-ie-lslzk/">Omqb</i>, Gczm, Rfgbot, Kjvfop, Snez, Xtbepy, Arews Uozzy Vozxtot, Ruwarm, Mhwur, Bzlvitnac Nezw, Jjygl Jkdmbv, Dmront kmn Bqquc. 

Amy Lewin

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

Up Round  newsletter

Up Round newsletter

Fri

Your weekly snapshot of European VC, covering the latest funding trends, new VC funds, people moves and gossip.