Company given support from fund set up by government to provide loans to startups during pandemic.
So far, more than 335 of the businesses the government has invested in have had their loans converted into equity stakes. “The process provided a clear, efficient way to make funding available as widely and as swiftly as possible without the need for lengthy negotiations. “The government has already made its money back on the investment,” she said.
The British Business Bank confirms that the taxpayer has a stake in the members-only sex party organiser, which secured a loan to help it survive the ...
Ms Sayle said the taxpayer had already secured a return on its investment and defended the aid in the face of criticism that it was not the sort of business that should be eligible for government-funded support. The taxpayer has netted a stake in sex party planning firm Killing Kittens under the terms of a scheme designed to help companies ride out lockdowns during the coronavirus pandemic. The British Business Bank confirms that the taxpayer has a stake in the members-only sex party organiser, which secured a loan to help it survive the coronavirus pandemic lockdown in 2020.
The UK taxpayer is the latest shareholder in the female-led sextech firm Killing Kittens after the UK government's backing under a pandemic innovation ...
It is understood that the government pumped in an estimated £170k and have an estimated 1.77 per cent of Killing Kitten shares. The firm itself is a brainchild of The Duchess of Cambridge’s former school mate Emma Sayle, and is valued at around £16m, raising an estimated £1m in its latest round. The UK taxpayer is the latest shareholder in the female-led sextech firm Killing Kittens after the UK government’s backing under a pandemic innovation programme.
THE UK Government has a stake in a company which organises “hedonistic” sex parties as a result of one of the Chancellor's Covid cash schemes.
In 2020, Labour MP Sarah Champion called on the Chancellor to stop money going to the sex party company as part of the Future Fund. Killing Kittens was founded by Emma Sayle, a former classmate of the Countess of Strathearn, in 2005 as a sex party planner running “hedonistic events challenging society’s shameful stigmas around sex”. At their sex parties “women make the rules”, according to the firm. Cash from the Future Fund can be converted into shares at fundraising, and it has now been revealed that the taxpayer has unexpectedly become a shareholder in a range of businesses including sex party planner Killing Kittens.
Killing Kittens was founded in 2005 by Emma Sayle and offers 'ultimate adult playgrounds' to attendees of their 'unforgettable nights of excitement and ...
The Duchess of Cambridge, who briefly attended Downe House boarding school with Ms Sayle, was famously photographed training with a dragon boat team on the Thames in 2007 as a Sisterhood member A spokeswoman for the British Business Bank confirmed that taxpayers now have a stake in Killing Kittens via the Future Fund. The Duchess of Cambridge, who briefly attended Downe House boarding school with Ms Sayle, was famously photographed training with a dragon boat team on the Thames in 2007 as a Sisterhood member. Killing Kittens was founded in 2005 by Emma Sayle, a former schoolmate of the Duchess of Cambridge, and offers 'ultimate adult playgrounds' to attendees of their 'unforgettable nights of excitement and exploration'. British taxpayers now own a stake in a sex party firm - which boasts of organising 'hedonistic' events - thanks to one of Chancellor Rishi Sunak's Covid support schemes. The sex party firm now part-owned by YOU! British taxpayer takes a stake in Killing Kittens - which boasts of organising 'hedonistic adult playgrounds' - thanks to Rishi Sunak's Covid support scheme
The British government is now a shareholder in a company that plans high-end sex parties after the firm took advantage of a program to help businesses ...
The “Eat Out to Help Out” scheme—in which British diners would have their restaurant bills subsidized by 50 percent throughout August 2020 in order to support the hospitality industry—was heavily condemned for encouraging people to congregate indoors at the height of the pandemic. It’s not just Killing Kittens that Her Majesty’s Treasury now has on its books as a result of the Future Fund scheme. “A lot of this boils down to British queasiness about sex,” Sayle said of the criticism in a 2020 Daily Mail interview. She told the FT that U.K. taxpayers owned around 1.5 percent of the business, adding: “The government has already made money on the investment.” The terms of Future Fund loans contain a clause that converts the loan to equity at the borrower’s next fundraising. When COVID hit, Killing Kittens signed up for a U.K. government scheme called the Future Fund, which helped it stay afloat when its in-person parties became untenable, and it was forced to turn to “Zorgies” (or Zoom orgies).
Government owns 1.5pc of Killing Kittens after Covid rescue loan.
Applications that met all the eligibility criteria received investment.” Before the pandemic, the privately held business was worth £10m. Since its foundation in 2005 Killing Kittens has branched out into dating and social networking apps. The loan’s terms and conditions contain a clause meaning it converts into an equity stake whenever recipients raise fresh investment.
Killing Kittens, founded by Kate Middleton's school pal and part-owned by the UK taxpayer, is a sex party firm that promises adventurous couples and ...
He literally quickly hurried out,' Emma told DailyMail.com, though she noted that was the only time she could recall someone running into a relative. 'There are so many more things I want to do with it,' she said. There's a lot of monogamous couples that do that.' 'They'll just wander around and party and have drinks and not take any clothes off. 'London people, they literally don't give a f**k!' 'It's just sort of like being in a cool private party,' she explained. Like any party, the exact set-up of the night varies depending on the theme, venue and guestlist. There are always lots of funny little moments. It was actually to create something that stood for something.' 'So depending on what the venue is, we will create that. 'It's like any party,' Emma said. There is no expectation to get naked.'
British taxpayers now officially hold shares in a company that throws sex parties.
"The Future Fund used a set of standard terms with published eligibility criteria," the representative added in a statement. . It recorded a 330% increase in traffic to its website during coronavirus lockdowns, and now calls itself "the fastest-growing adult social network." A government loan provided to Killing Kittens to help it through the pandemic has converted into an equity stake in the company, the British Business Bank confirmed on Tuesday.
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In relation to Killing Kittens, the British Business Bank said in a statement: "The Future Fund used a set of standard terms with published eligibility criteria. Sunak launched the Futures Fund in May 2020 to help businesses who were hit hard by the pandemic. According to the Financial Times the UK taxpayer has a 1.5% stake in the company after Killing Kittens raised £1 million from investors . The UK government invested in Killing Kittens via the Future Fund, which was launched by the Finance Minister Rishi Sunak in April 2021. Killing Kittens received the investment through Finance Minister Rishi Sunak’s Futures Fund, which was launched to help businesses during the Covid-19 pandemic. Reported by the Financial Times, the taxpayer now has an estimated 1.5% stake in the company.