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 are the two initiatives launched to support innovative firms in the country?

How much funding is allocated to the new future fund?

What type of loans will the future fund provide to early stage companies?

What is the role of Innovate UK in the initiatives mentioned?

Why is innovation and entrepreneurship considered important for economic recovery?