Does your business need funding from a new innovation loan?
Innovate UK is planning to introduce a new pilot programme for innovation loans.
Innovation loans will offer affordable, patient, flexible, repayable funding for later-stage research & development projects with a clear route to commercial success.
Loans will be offered through future competitions to growth-oriented SMEs that are able to demonstrate that they have a high quality innovation project, that they will be able to afford the interest payments and subsequent repayments associated with a loan and that they need public sector support as they are unable to access finance for their project on standard commercial terms.
A number of events have recently been held around the country by the Knowledge Transfer Network to introduce the new Innovation Loans - Marine South East will publish more information about the new loans when it has been published.
For more information about innovation funding in general please visit:
https://www.gov.uk/apply-funding-innovation
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