Show investors – and HMRC – exactly how the money raised will be spent, with a budget, milestones, runway and spend tracker.
Raising investment
Use of Funds Statement
About this document
A clear statement of how your company will use the money it is raising: the budget by category, the timing of spend, the milestones it will achieve and how long the money will last. Investors expect it with a pitch or term sheet, it forms part of the business plan in the investment agreement, and it supports SEIS and EIS advance assurance and compliance.
The document is laid out in the sections below. Each one comes with a plain-English guidance note explaining what it does and what to change.
Our templates are professionally structured starting points for UK businesses, not legal advice. For anything complex, unusual or high-value, have your final version checked by a solicitor.
Included in the pack
Raising investment
for every document in this category
Editable Microsoft Word files
Guidance notes in every document
Written for UK businesses
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