Innovate UK launches new Innovation Loans programme
Innovate UK will launch a pilot programme of Innovation Loans this autumn.
To introduce innovation loans, Innovate will deliver a series of events across the UK in late October and early November. These events are aimed at senior decision-makers (CEO / CFO / CTO) in innovative SMEs and at key intermediaries in professional services firms and the public sector support landscape. At the events we will explain the rationale for innovation loans and where they sit in the landscape of innovation support, outline the key features and obligations of the loans and explain how they will be delivered and operated.
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.
Events will be held (in each case from 1:30pm to 4:30pm):
26th October – Newcastle
30th October – London
31st October – Manchester
1st November – Glasgow
2nd November – Birmingham
6th November – Cardiff
7th November – Belfast
To register for one of these events click here