Innovate UK has up to £20m available in Innovation Loans for SME businesses looking to scale and grow through innovation, developing new or improved products, processes or services. Loans between £250,000 and £1.6m are available to fund later stage research and development with a clear route to commercial success for suitable businesses.

Watch this short video for a high-level overview of the competition

Webinar recording and slides are now available

Find the slides here.

Webinar transcript

Webinar Q&A


To find out more, join us at our Applicant Briefing Webinar on Thursday 20th May at 10am to find out what Innovation Loans are and what we are looking for when we assess your applications.

Full details of this competition are available on Innovation Loans Competition page

The Innovation Loans competition closes for applications at 11am Wed 2nd June.