UK government to take equity in struggling startups with £250m 'Future fund'

Borrowers can score between 500k and 5m if they have a track record, co-investors, and can afford eight percent interest

The UK government will throw 1.25bn at startups and R&D firms that are struggling to survive in the coronavirus lockdown and are willing to pay well-above-market interest rates and give away equity in exchange for a fiscal lifeline."