£1.25 billion government support package to innovative UK businesses

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UK businesses driving innovation and development will be helped through the coronavirus outbreak with a £1.25 billion government support package, the Chancellor announced today.

Milton Keynes is renowned as a hotspot for enterprises and start-ups, so this targeted and tailored support will ensure these dynamic firms are protected through the crisis, so they can continue to develop innovative new products and technology, while helping power UK growth.

The comprehensive package includes a new £500 million loan scheme for high-growth firms, called the Future Fund, and £750 million of targeted support for small and medium sized businesses focusing on research and development.

For further information please see here https://www.gov.uk/government/news/billion-pound-support-package-for-innovative-firms-hit-by-coronavirus