Insurtech UK responds to HM Treasury’s announcement of Future Fund
Following the announcement of a £1.25bn fund to support UK startups during the COVID-19 pandemic, the Insurtech UK Chair Niall Barton commented:
“As one of the co-signatories of the industry letter to the chancellor calling for more government relief for startups, Insurtech UK welcomes the new funding package for the UK startup community.
“Key to its success will be its speed of deployment. Fast moving startups need quick access to cash and the Future Fund must react this to support them in these unprecedented times. The same is true of the additional R&D (research and development) grants and loan support (via Innovate UK). Clarity on the mechanics and availability of this scheme will be important.
Insurtech UK will continue in its constructive discussions with government and industry to ensure effective delivery, highlight potential pinch points and consider possible solutions where required.”
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