UK registered businesses can apply for loans for innovative projects with strong commercial potential to significantly improve the UK economy.
UK businesses can apply for a loan of between £100,000 and £2 million to fund a project’s eligible costs.
Projects can last up to five years, including both the R&D and commercialisation phases. Projects are expected to start by 1 June 2025.
Your exact project start date and first innovation loan drawdown will depend on the timing of the final credit committee decision and completion of loan documentation.
Deadline Wednesday 8 January 2025 – apply now here.