Government& #39;s £1.25bn for startups sounds like a lot but core is just £250m to & #39;match& #39; venture capital funding — that won& #39;t stretch far.

"VCs are going to have to choose, kind of like a Sophie’s Choice situation," @WeAreLantum& #39;s @meliss_morris tells me. https://uk.finance.yahoo.com/news/coronavirus-covid-19-uk-nhs-startups-future-fund-lantum-melissa-morris-230132895.html">https://uk.finance.yahoo.com/news/coro...

Others are sceptical too — @InnFin chair Natalie Ceeney told me match funding will "help some, it wouldn& #39;t help enough."

Morris told me she& #39;s on an email group with 400 just LONDON based tech founders.

"If you think every single one of those applied for a million, which conceivable they could all do — are they really going to fund everybody? This is why I’m sceptical.”

@Beauhurst, a consultancy that tracks the UK’s startups and high-growth businesses, estimates over 15,000 companies across the UK faced moderate to severe risk to their operations as a result of COVID-19. No way government scheme will help all.

Other plank of £1.25bn support is £750m in R&D grants and loans. But it seems from the wording of the announcement that companies who will benefit from that support have already been earmarked.