In addition to a wide range of grant competitions, Innovate UK now 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 R&D for small and medium businesses with a clear route to commercial success. Projects can involve any area of technology and be applied to any part of the economy.
Businesses developing new products, processes or services which are significantly ahead of anything similar in the field wanting to find out more can visit:
https://apply-for-innovation-funding.service.gov.uk/competition/899/overview.
Businesses wanting support with innovation more generally should visit https://www.innovateukedge.ukri.org/.
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