The Shadow Minister for Business and Economy – Russell George AM – has welcomed the announcement today (April 20) by Rishi Sunak MP of a £250 million ‘Future Fund’ for business start-ups and the tech sector in the UK.
The Chancellor of the Exchequer pledged the match-funding money during the Downing Street briefing this afternoon.
The Future Fund is pegged to launch in May, and will see the UK Government invest between £125,000 and £5m in qualifying start-ups.
Mr George said:
“This is great news for the UK start-up sector. We now need to see what potential support the Welsh Government can offer to our businesses in Wales.”