18 May 2021

The next round of Innovation UK Loans are open for application. Closing date is 2 June 2021 at 11am.

Innovate UK is offering up to £20 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 disruptive ideas or concepts. There should be a clear route to commercialisation and economic impact.

Your project must aim to develop new products, processes or services which are significantly ahead of anything similar in the field. You can also propose an innovative use of existing products, processes or services. Applications can come from any area of technology and be applied to any part of the economy. Your project must focus on commercialisation, growth or scale up. We will give priority to proposals likely to lead to growth and gains in productivity.

You must be able to show that you:

• can cover interest payments
• will be able to repay the loan on time
• need public funding

In applying to this competition, you are entering into a competitive process.

For more information and to apply, see the Innovate UK Innovation Loans funding competition pages here.