Innovation Loans Expression of Interest

Innovation Loans provide funding for UK businesses to develop innovative products or services close to market. You can borrow between an unspecified minimum and £20 million. Your project must have strong commercial potential and benefit the UK economy. Only micro, small or medium sized enterprises can apply. You must be registered in the UK. This is a loan, so you will need to pay the money back. The application process starts with an Expression of Interest. There is no set deadline as applications are accepted on a rolling basis.

This is for micro, small or medium sized enterprises registered in the UK. Your business should be developing innovative products or services that are close to being ready for market. You need a project with strong commercial potential that will benefit the UK economy.

UK registered micro, small or medium sized enterprises can submit an Expression of Interest for loans for close to market innovative projects with strong commercial potential. They must significantly improve the UK economy and drive societal benefit.

You need to submit an Expression of Interest first. This is a two-stage application process. Check the UKRI website for the application portal and detailed guidance.