The Future Fund addresses the potential economic impacts of Covid-19 by providing funding to innovative high-growth firms in some of the most dynamic sectors of the UK economy – ranging from tech to life sciences - which are facing financing difficulties due to the outbreak. The Government has made available an initial £250 million through convertible loans with private investors at least matching the Government commitment.
The team advising Treasury comprised partner Karen Davies and senior associate Jacob Gold (Corporate), and partner Philip Vernon and counsel Donald Slater (Regulatory). Treasury Legal Advisers is the division of the Government Legal Department which provides advisory legal services to HM Treasury.
Ashurst also worked alongside the British Business Bank’s legal team. The British Business Bank is delivering the Government designed scheme.
The team advising British Business Bank comprised partners Philip Vernon and Karen Davies, and senior associate Jacob Gold (Corporate), partner Chris Bates, counsel Gita Shivarattan and associate Adam Eskdale (Commercial), partner Tom Picton (Finance), with specialist assistance provided by partner James Perry and partner Tim Cant (Financial Regulation), partner Nick Gardner (Tax) and partner Ruby Hamid (KYC/AML).
