Innovative technology businesses can access up to £5 million each, repayable over three years, provided venture capital funding has already been secured.
Businesses can access up to £5 million each, repayable over three years, provided venture capital funding has already been secured.
Barclays has launched a £100 million debt finance fund to help fast growing UK technology businesses rival their US counterparts. By providing the funding it is hoped this will enable technology firms to focus on areas typically seen as more risky by equity investors, like R&D, sales and marketing, without having to give away any equity in the company.
Applicants are advised to contact the funding provider to discuss eligibility in the first instance.
UK Technology businesses are invited to apply to the scheme.
Match funding is not a stipulated requirement of the scheme.
Full details of the scheme will be reported when available.