The UK government is now a shareholder in a company that plans to host high-end sex parties after it took advantage of a scheme to help businesses during the pandemic.
Kill the kitten—Which was created by Emma Sayle, a classmate of Kate Middleton, Duchess of Cambridge—A sex tech company known for hosting lavish orgies in which guests must pass a screening process. When COVID hit, Killing Kittens signed up for a UK government scheme called Future Fund, which helped it stay afloat when its in-person parties became impossible and it was forced to switch to “Zorgies” ” (or Zoom orgies).
The terms of Futures Fund loans include a provision that converts the loan into equity in the borrower’s next fundraising. The government-run Corporate Bank of England — which oversees the Future Fund — has confirmed a stake in the Killing Kittens project to Financial Times.
Sayle, who owns more than a quarter of the sex tech company, according to financial filings, said the business raised more than $1.2 million in its latest funding round, valuing the company a total of about 18 million dollars. She told FT that UK taxpayers own about 1.5% of businesses, adding: “The government made money on the investment.”
But the prospect of a good return on investment didn’t stop some skeptics, including British politicians, from criticizing the loan shark when it was first agreed in 2020.
Sarah Champion, an MP for Britain’s opposition Labor Party, even called on Prime Minister Rishi Sunak to “take steps to stop payments to sex party organizers”. Sayle hit back by pointing out that the loan was to build the digital side of the business, not to finance sex parties. Sayle said of the criticism in 2020: “Much of this stems from British curiosity about sex. Daily mail interview.
Not only Kill the Kitten but His Majesty’s Treasury is now on the books due to the Future Fund plan. It owns stakes in hundreds of businesses that take government cash during the pandemic, including Bolton Wanderers, a team that plays in the third tier of English football, and Hybrid Air Xe, a company that aims to bring blistering as a modern aviation eco-friendly option.
Last year, an annual report from the UK trading arm said the Future Fund had been scammed. Up to $35 million was flagged as suspected fraudulent payments in this scheme, which gave cash to more than 1,100 startups.
But even then, there are even more controversial plans British Prime Minister Sunak has set up to support businesses during the pandemic. The “Eat Out to Help Out” scheme — in which British diners will receive 50% of their restaurant bills through August 2020 to support the hospitality industry — has been heavily criticized for encouraging people to gather. indoors at the height of the pandemic. A 2021 study published in Economic Journal It is even estimated that the scheme contributed to around 11% of the total number of COVID cases detected in the UK in August and September 2020.
