UK startups have warned of substantial job losses if they are unable to access the government's rescue fund for early-stage companies during the pandemic. In a letter to Chancellor Rishi Sunak, 30 founders and CEOs warned the £250 million ($300 million) scheme essentially rules out firms who have participated in US accelerators such as Y Combinator. The Future Fund stipulates that the parent company of any startup applying for rescue funding during the pandemic must be British. But many UK startups set up US parents to take part in overseas accelerators.