This is the first time Innovate UK has run a loans competition, starting with – Innovation loans: infrastructure systems.
Good news we hear you shout!
The biggest barrier to businesses in regards to innovation and scalability is a lack of capital. It can cause stagnant growth and can be a direct threat to the continuity of your business. So, we’re delighted at the launch of this £10m pilot project.
You could receive up to £1m!
The aim of this competition is to offer a loan to help SMEs overcome barriers to scaling up innovation in infrastructure systems. It will enable businesses to demonstrate first commercial deployment at scale and take their innovations to market by proving that:
Projects must show significant late stage innovation and clearly show how you are working with end users and problem owners. Projects should be in one of our priority areas, which are:
We’ve never believed in making things complicated, and that’s been key to our success and why clients return to us to assist them with their grant funding and R&D Tax Credits applications.
So, what have you got to lose?
Read our guide to a successful Innovate UK Grant Application, addressing the key areas and questions, with a few top tips along the way!
Innovate UK Launchpads is a program designed to uplift emerging clusters of small and medium-sized enterprises (SMEs) in the UK. Tailored to specific geographic clusters, each Launchpad welcomes businesses of all sizes, extending innovation funding, support services, and networking opportunities. Discover the current Launchpad funding opportunities.
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