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The Guardian - UK
The Guardian - UK
National
Mark Sweney

UK government fund invests in cannabis oil company and London microbrewery

beer bottles
In total, the government has spent about £1.14bn supporting 1,190 companies through the Future Fund. Photograph: Sara Hylton/Reuters

The UK government has become a shareholder in a cannabis oil company, a yoghurt bar business, a London-based craft brewery and a maker of land, underwater and air drones that “take inspiration from the clever tricks that animals use to move”.

The taxpayer-backed British Business Bank’s Future Fund, set up by the government to provide loans to startups during the pandemic, announced investments in another 75 companies on Thursday including a stake in a yacht charter business, a virtual reality games developer and a cancer treatment firm.

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