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.
During the pandemic, Rishi Sunak launched the “Future Fund” – a government scheme operating through the British Business Bank – providing anything from £125,000 to £5 million to innovative companies to help them continue operating.
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.
Other firms which UK taxpayers have shares in include a brewery, Bolton Wanderers, a luxury rentals company and a start-up looking to bring back blimps.
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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.
Sayle told the Financial Times that the UK Government has already made money on its investment, which is worth around 1.5%.
The firm, which also runs an adult-only social media network alongside its “unforgettable nights of excitement”, is valued at approximately £15m.
A British Business Bank spokesperson said: “The Future Fund used a set of standard terms with published eligibility criteria.
“The process provided a clear, efficient way to make funding available as widely and as swiftly as possible without the need for lengthy negotiations.
“Applications that met all the eligibility criteria received investment.”
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.
Former Treasury minister Kemi Badenoch said the Government could not comment on individual cases.
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