13 Apr 2018

Innovate UK has up to £10 million in innovation loans for UK SMEs’ late-stage manufacturing and materials projects.

This loan competition aims to help SMEs progress their innovative manufacturing and materials projects and achieve manufacturing and commercial readiness.

There will be 5 opportunities for businesses to apply for an innovation loan. Up to £10 million will be available in each loan competition. Innovation loan competitions will run over 2 years to 2019.

To be eligible for an innovation loan you must:

  • be an SME
  • be UK-based
  • be planning a project that fits with the defined scope of the specific loan competition you are applying into
  • apply alone. Only single SMEs may apply

Individuals, research organisations and large companies are not eligible. Collaboration with other organisations cannot be funded through a loan.

For more information and to register visit: www.gov.uk/

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