The UK government became a shareholder in more than 150 companies during the Covid crisis, including manufacturers of kombucha beverages, custom ship builders and knitting and crochet suppliers, data said.
This is the first time a government development bank has released a list of companies that have received special taxpayer-backed convertible bonds assigned to startups.
But taxpayers now have stakes in companies like Vaccitech, co-inventor of the AstraZeneca vaccine, and Ripple Energy, which allows customers to take a stake in wind farms, but the government is also left with a partially-owned craft company, a soft drink business. and entertainment companies.
The Future Fund was originally proposed as a way for governments to support innovative businesses that may have difficulty securing their own funding during the pandemic.
The list, released on Tuesday by the British Business Bank (BBB), includes companies such as Secret Group Limited, which operates the Secret Cinema series of immersive film events, and skiwear makers Oneskie and Oto International Limited. Cannabis Extract CBD Oil.
This is higher than a number of beverage companies including Skinny Tonic Limited, Watkins Drinks and Kombucha maker Better Tasting Drinks Co Limited.
Taxpayers also own shares in Arksen Limited, which creates authentic expeditions for family and friends, and Dice FM, which operates an app and website for tickets to nightclubs, festivals and performances.
The government has spent about $1.1 billion to support a total of 1,190 companies through the Future Fund. About 158 of these companies converted their loans to equity equity in August after successfully raising funds from private investment commensurate with government funding, giving taxpayers a stake in a wide range of smaller companies across the UK. The list is updated quarterly.
The Future Fund was established to keep investments flowing into our most innovative businesses, and it is fantastic that taxpayers now have a stake in these top performing startups, Finance Minister Rishi Sunak announced by the Ministry of Finance Disclosure of BBB data in one statement.
Investments in these companies have the potential to accelerate innovation that will transform UK industry, develop new drugs and strengthen its position as a science superpower.
The mention sources can contact us to remove/changing this article
What Are The Main Benefits Of Comparing Car Insurance Quotes Online
LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]etingcompany.BizWebsite: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos
to request, modification Contact us at Here or [email protected]