Innovation Loans Future Economy Competition Briefing – Round Two

Find out more about Innovate UK’s Innovation Loans Future Economy Competition for SME businesses looking to scale and grow.

Guide to a Good Project Application Workshop | Find the slides here.
Financial Submission Workshop | Find the slides here.

This is the second of four competitions, with each competition round running for approximately four weeks, between March and July 2022. Loans of between £100k and £2m are available to fund late-stage research and development projects for SME’s who have a clear route to commercialisation.

To find out more, join us for each of the briefing sessions. Our recommendation is that you register and attend each session:

• Applicant Briefing Webinar – Wednesday 20 April 11:00 – 12:30

Background information to the Innovation Loans, including the application process (both from the project and financial aspects), the assessment process and the approach to the credit decision making process.

• Guide to a Good Project Application Workshop – Monday 25 April 2022 – 12:00 – 13:00

What we are looking for in your project application. These questions are different to those asked in grant applications.

• Financial Submission Workshop – Tuesday 3 May 2022 – 15:00 – 16:30

Support with completing your business and financial application as well as the financial spreadsheet.

• Credit drop-in sessions with the Innovation Loans Credit team – Wednesday 4 May 2022 and Friday 6 May 2022

Come and speak to our Credit Team about what they are looking for in your application and to have your questions answered.

Members of the Innovation Loans team will be available at each of the sessions to answer any questions that you may have.

Full details of this competition are available on the Innovation Loans Competition page. A PDF infographic showing the impact of innovation loans can be downloaded here.

This is the second of four Innovation Loans Future Economy competition openings. This round closes for applications on 11 May 2022 at 11:00 am.

Note: Registration and attendance to all workshops throughout ‘Round Two’ is strongly encouraged. 

• 20th April – Innovation Loans Future Economy Competition Briefing

Hear from and have your questions answered by the Innovate UK Loans team. The briefing webinar will be your chance to get all the details on Innovation Loans – what they are, the application process, what a good submission looks like (importance of both the project application and business and financial application), the assessment and the credit evaluation processes.

• 25th April – Good Application Guide Workshop

This workshop is focused on supporting you with your Innovation Loan Project application and what assessors look for when reviewing your project proposals.

• 3rd May – Financial Submission Workshop

We understand that the financial section can appear complex so this session focuses on demystifying the financial spreadsheet and to give you clear suggestions on what to consider when completing the section.