Innovate UK Innovation Loans Round 25

Innovate UK innovation loans are for highly innovative late-stage research and development (R&D) projects with the best potential for the future. UK registered micro, small and medium sized enterprises (SMEs) can apply for loans between £100,000 and £5 million for close to market innovative projects with strong commercial potential. Projects must significantly improve the UK economy and drive societal benefit. The funding provides flexibility to deliver both R&D and pre-commercial activities, with projects lasting up to five years including both R&D and pre-commercialisation phases. Projects must lead to innovative new products, processes or services that are significantly ahead of others currently available, or propose an innovative use of existing products, processes or services, or involve a new or innovative business model. There must be a clear route to commercialisation and economic impact, with evidence of market potential, ability to repay the loan, and sound financial plans representing good value for money.