Future Fifty unveils final group of companies it will support

The Future Fifty programme has announced the second group of 25 tech companies that will be provided with public and private sector support to help fast-track their growth.

The government-backed programme is designed to boost the visibility of high growth technology companies and provide them with exposure to institutional investors.

The companies chosen by Tech City UK represent the rapidly expanding technology cluster, with technology and digital companies having grown by 76 per cent between 2009 and 2012.

On its website, the Future Fifty describes its objectives as matching the qualifying companies with publicly funded schemes and incentives relevant to their stage of growth and specific needs.

The objectives state: "The dedicated team provides a 'concierge'-style service connecting companies with support and advice designed to facilitate continued growth."

The first batch of businesses to join the Future Fifty group was announced in October, with companies coming from a wide variation of sectors.

"The fact that we've got such a great cohort of companies moving through this programme is testament to the fact that if you are going to start a business, this is a great place to do it," Tech City chief executive Joanna Shields said at the time.

Included in the latest group of companies to join the programme is Hailo, a taxi app that's changed the habits of cabbies and passengers, PhotoBox, a digital consumer service for personalised products and gifts, and ACHICA, the luxury lifestyle store specialising in home and garden brands at up to 70 per cent off. Since launching just under four years ago, membership to ACHICA has rocketed to 3 million members.