Bad Dinosaur
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Dec 17, 2020
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1 minute read
On 20 May the UK govt opened the £250m #FutureFund providing govt-backed loans worth between £125k and £5m to innovative businesses, as long as the money is at least matched by private investors. The fund is managed by the British Business Bank.
On 20 May the UK govt opened the £250m Coronavirus Future Fund, providing government-backed loans worth between £125k and £5m to innovative businesses, as long as the money is at least matched by private investors. The fund is managed by the British Business Bank.
There have been 1,432 applications since the scheme launched in May, of which, £975.5m (way more than the original £250m) worth of convertible loan notes have been approved for 971 startups affected by Covid-19.
The fund published the diversity data of companies receiving convertible loan agreements recently, and Amy Lewin of Sifted has added some interesting insights to the data via Twitter.
Lewin notes that "Companies HQd in London have nabbed 61% of the funding. (That's about in line with equity investment across the UK in general.)". But what really stands out is the stat that only 2% of the fund has been allocated outside of England.
William Fraser of GrantTree wrote about the fund in June, saying that "All indications are that Future Fund support is being distributed on a first-come, first-serve basis [so] it’s important to move quickly.".
The scheme is still open, we can change this.
Bad Dinosaur
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Dec 17, 2020
Difficult times force us to make decisions that we otherwise might not have, and while it is undoubtedly true that the drastic consequences of COVID-19 are forcing everyone across the globe to take stock of what it means to go about their day-to-day, the growing sense of community and support reminds us that there are always new and different ways in which we can continue to innovate and grow together.
Aug 18, 2020 • 4 min read
Co-design has become a popular approach when building tech, often coupled with agile teams and MVP building. The approach means that the client spends quite a lot of time meeting with the development team to discuss progress and talk about the project. At Bad Dinosaur, we really believe that this is a great way to work, despite the amount of work it requires of the client - or maybe because of it.
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