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Innovation Loans for SMEs: apply for funding

Organisations can apply for a share of £10 million to work on highly innovative, late stage projects.

Following the success of the Innovation Loans pilot programme throughout 2018 the loan programme is being extended to the end of 2020 with an additional £25 million available for business innovation projects in 2 further competitions

Loans will be used to help businesses to support cutting-edge innovations become successful commercial realities.

Previous successful applicants of Innovation Loans include:

  • Callaly: a new feminine care product designed in London and manufactured entirely in the UK
  • KwickScreen: portable printed room partitions, based and manufactured in London
  • The Electrospinning Company: clinical-grade biomaterials
  • Valuechain: manufacturing supply chain software. ValueChain has offices worldwide in China and India, as well as across the UK
  • Ashwoods Electric Motors: smaller, lighter and more efficient permanent magnet electric motors

In this current competition, a share of £10 million is available through Innovate UK, part of UK Research and Innovation, for micro, small or medium-sized enterprises (SMEs) for highly innovative, late stage projects with the most game-changing ideas and concepts.

Find out more and apply