FutureBricks to launch Seedrs campaign using future fund

FutureBricks is set to launch a crowdfunding campaign on Seedrs, utilising the government’s future fund to boost the amount raised.

The peer-to-peer property lender said it is raising capital to fund the next stage of its growth strategy.

The future fund, delivered by the British Business Bank, offers convertible loans ranging from £125,000 to £5m from the government subject to at least equal match funding from private investors.

Read more: FutureBricks passes £1m milestone in first year

Firms raising money can therefore double the amount of funding they receive by using the scheme.

FutureBricks said that it will open for a private launch on Seedrs for existing investors before the campaign goes public.

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“Our vision to become a leader in the property investment market is only the beginning,” FutureBricks said.

“And where we stand today, at a turning point for more impactful growth and shaping the landscape of our towns and cities, we want to say a heartfelt thank you. Thank you for standing with us, for sharing our stories, and thank you for believing in us. Offering you first access to our works behind the scenes is our commitment.”

A number of alternative lenders are using the future fund, including Assetz Capital, CapitalRise and Propio.