UK government fund invests in Kombucha and luxury ship builder
by Kalyeena Makortoff Banking correspondent from Technology | The Guardian on (#5PGR2)
Taxpayer-backed Future Fund was pitched by Rishi Sunak as support for startups during Covid pandemic
The UK government has become a shareholder in more than 150 companies during the Covid crisis, including a kombucha drinks maker, a bespoke ship builder and a knitting and crochet supplier, data reveals.
It is the first time that the government's development bank has revealed the list of firms that received special taxpayer-backed convertible loans that were earmarked for startups.
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