Innovate UK Innovation Loans: Future Economy

Introduction

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Innovate UK is offering up to £25 million in innovation loans to support UK-registered micro, small, and medium-sized enterprises (SMEs) in delivering late-stage research and development (R&D) projects with strong commercial potential. These loans target innovative businesses ready to take their innovations to market and scale efficiently.

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Eligibility Criteria

• Applicant Type: UK-registered micro, small, or medium-sized enterprises (SMEs)
• Financial Requirements: Applicants must demonstrate the need for public funding, ability to cover interest payments, and capability to repay the loan on time

Important Dates

• Competition Opens: 8 May 2025
• Competition Closes: 2 July 2025

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