Taxpayers lose £400m as result of investment fund set up by Rishi Sunak
by Kalyeena Makortoff from World news | The Guardian on (#704B9)
Report shows 334 companies backed by Future Fund, set up in May 2020 by then chancellor, have since gone under
UK taxpayers have lost 400m following the collapse of hundreds of startups backed by a heavily criticised Covid-era investment fund launched by Rishi Sunak when he was chancellor.
The Future Fund spent 1.14bn backing 1,190 companies, some of them of types not usually associated with government portfolios such as the sex party organiser Killing Kittens and the now defunct festival tickets business Pollen.
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