21 April 2020 | The UK Government has announced a ground-breaking new fund that will provide matched financing to UK start-ups and scale-ups.
Taylor Wessing played a leading role in advising the UK Government on the new fund, delivering an unprecedented funding solution in an expedited timeframe.
Angus Miln, partner and head of Taylor Wessing's Corporate Technology group, worked alongside Adrian Rainey and Adam Thatcher from Goodwin Proctor, and Aaron Archer from Cooley LLP and Ylan Steiner from Orrick, Herrington & Sutcliffe LLP.
Commenting on the project, Angus Miln said: “We work with many outstanding companies in the technology and life sciences sectors, whose positive impact on the UK economy has been significant. We were delighted to assist the Government in leading the work to devise and structure an unprecedented support package for them. We have every confidence that this will cement the UK’s long-term position as a centre for innovation and technological expertise, and look forward to playing our part as these vital sectors continue to thrive and grow."
Chancellor of the Exchequer, Rishi Sunak, said: “This new, world-leading fund will mean high growth technology and life sciences companies can access the capital they need at this difficult time, ensuring dynamic, fast-growing firms across all sectors will be able to continue to create new ideas and spread prosperity."
For further detail on the fund please see https://www.gov.uk/guidance/future-fund.