19 Jul 2019

Overview

Innovate UK is offering 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.

Scope

The aim of this competition is to help businesses overcome barriers to the best cutting edge, game changing innovations becoming a successful commercial reality. This includes making a considerable economic impact and/or resulting in significant, sustainable business growth.

Eligibility

To take on an innovation loan for a project you must:

  • be a UK based micro, small or medium-sized enterprise (SMEs)
  • carry out your project in the UK
  • intend to exploit the results from or in the UK
  • give evidence that your business is suitable to take on a loan

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.

For more information and support with applications visit the TBAT website


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