APPLY FOR THE FUTURE FUND WITH US

UK based companies can now apply for a convertible loan of between £125,000 and £5 million. Crowd for Angels offers an IFISA that can potentially shelter all or most of the income or gains arising from realisation of a convertible loan.

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FUTURE FUND AND THE IFISA

Amongst the range of business support measures announced by the government in the past few months is the Future Fund. The Future Fund has been designed to ensure high-growth companies across the UK receive the investment they need.

Interest earned on the Convertible Loan Notes by investors will be subject to income tax.

Crowd for Angels offers an IFISA that can potentially shelter all or most of the income or gains arising from realisation of the Notes.

Find out how more about the Future Fund and the potential shelter the IFISA offers in our guide here.

*The availability of any tax relief, depends on the individual circumstances of each investor.


Future Fund and the IFISA note
 
 

WE HAVE DEDICATED PROCESSES & SYSTEMS FOR RAISING FUNDS VIA CONVERTIBLE LOAN NOTES


We can assist the company in running a campaign under the Future Fund.

We can assist you in raising funds from your crowd and from our investors.

We can act as your lead investors and apply to the Future Fund for matched funding.

We can provide individual investors with an IF-ISA to shelter potential tax.

 

KEY TERMS OF THE FUTURE FUND

The Future Fund is open to UK-based firms, that have previously raised at least £250,000 in equity investment from third parties in the last 5 years. They will also need to have investors to provide funding to be matched by the government, and have half or more of their employees based in the UK or generate at least half of their revenue through UK sales. The loans will convert to equity if not repaid. Companies can check they meet the criteria for funding by going to the British Business Bank website here.

UK Incorporated


your business must be a registered UK company. If it is part of a corporate group, only the parent company is eligible

Prior Investment


Your company must have raised at least £250,000 in equity investment from third-party investors in the last 5 years

Unlisted


none of its shares are traded on a regulated market, multilateral trading facility or other listing venue.

UK Operating


Your company should have either half or more employees based in the UK or half half or more revenues are from UK sales

 

WHAT IS A CONVERTIBLE LOAN?

A Convertible Loan is a type of investment made initially by loan (note) that can convert, or must, later convert, in whole or in part, into shares of the company.

While initially having loan like characteristics, they have imbedded terms which mean that amounts due (capital and/or interest) can be converted into shares in the borrowing company at some point in the future. To incentivise investors, the loans typically convert at a discount to the share price at the conversion date. Redemption of the Note is normally at maturity at nominal value or at a premium.

Find out more about convertible loans here.


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Risk Warning

Investing in small public listed or private companies involves risks, including illiquidity, lack of dividends, loss of investment and dilution, and it should be done only as part of a diversified portfolio. Investing in debt pitches through Crowd for Angels (UK) Limited involves lending to companies and therefore your capital is at risk and interest payments are not guaranteed if the borrower defaults. Investments on this website are targeted exclusively at investors who are sufficiently sophisticated to understand these risks and make their own Investment Decisions. You will only be able to invest in pitches on this website once you are authorised. Please click here to read the full Risk Warning.

This page has been approved as a Financial Promotion by Crowd for Angels (UK) Limited (Company number: 03064807) , which is authorised and regulated by the Financial Conduct Authority (Reference number: 176508). Investments can only be made on the basis of information provided in the Pitches by the Investee Companies concerned. Crowd for Angels takes no responsibility for this Information or for any recommendations or opinions made by the Investee Companies.

Pitches may contain forward looking statements and financial forecasts or projections. Forecasts are not a reliable indicator of future performance. Crowd For Angels makes no judgement or opinion of the likelihood of targets being achieved. Investments made in companies listed on the Crowd For Angels platform are not covered by the Financial Services Compensation Scheme (FSCS).

The availability of any tax relief, including EIS and SEIS, depends on the individual circumstances of each investor and of the company concerned, and may be subject to change in the future. If you are in any doubt about the availability of any tax reliefs, or the tax treatment of your investment, you should obtain independent tax advice before proceeding with your investment.