Fund Name: Innovation loans
Project Length: Up to 5 years
Project Value: Up to £1M
Innovate UK is to offer up to £10 million in loans to micro, small and medium-sized enterprises (SMEs). Loans are for highly innovative late stage projects with the best game changing and/or disruptive ideas or concepts. There should be a clear route to commercialisation and economic impact.
Projects should aim to develop new products, processes or services (or innovative use of existing ones) believed to be significantly ahead of anything similar in the field.
Your proposal can come from any technology (including arts, design, media or creative industries) and any part of the economy.
To take on an innovation loan for a project you must:
- be a UK based SME
- carry out your project in the UK
Individuals, research organisations and large companies are not eligible for innovation loans. Only single businesses can receive loans, so collaboration with other organisations cannot be funded in this competition
An applicant can only submit one application per competition round. If more than one application per round is submitted, only the first application will be considered for assessment.
Businesses must be able to show that they:
- can cover interest payments
- will be able to repay the loan on time
- need public funding
If you think that you might be eligible, please contact us – we’re happy to discuss your eligibility over the phone or email. Please call 01392 427860 or email firstname.lastname@example.orgBack to all funds