Question to the Department for Business, Energy and Industrial Strategy:

To ask His Majesty's Government whether the Future Fund refused an application from Fly Atlantic; and if so, what were the reasons for doing so.

The Future Fund launched on 20 May 2020 and closed to new applications on 31 January 2021. The total number of applications received was 1,851. The scheme was open to all companies that met the eligibility criteria published on the British Business Bank’s website and passed the necessary checks. As it was a rules-based scheme, there was no assessment by the Future Fund of individual investments. The British Business Bank publishes the names of all companies in which the Future Fund retains an equity interest. The identity of applicants who did not meet the eligibility criteria is not made public.