Chancellor Rishi Sunak giving daily government press briefing

The video discusses the importance of innovation and entrepreneurship in overcoming the current crisis and fostering future growth. It introduces two initiatives: the Future Fund, providing convertible loans to high-growth UK companies, and Innovate UK's funding for innovative firms across various sectors. These efforts aim to support businesses and technologies of the future, ensuring economic recovery and growth.

What is emphasized as crucial for future economic recovery?

• Maintaining existing companies and jobs

• Encouraging future businesses and technologies

• Reducing government spending

• Increasing taxes

What is the purpose of the Future Fund?

• To provide grants to large corporations

• To offer convertible loans to early-stage companies

• To reduce taxes for small businesses

• To increase tariffs on imports

How much is the Future Fund worth?

• £250 million

• £500 million

• £750 million

• £1 billion

Who collaborated with the business secretary to provide additional funding?

• Innovate UK

• The Treasury Department

• The European Union

• The Bank of England

What is the total amount of grant and loan funding provided by Innovate UK?

• £1 billion

• £500 million

• £1.25 billion

• £750 million