Innovation Loans Future Economy Competition – Round 3

Innovate UK is offering up to £25 million in loans to micro, small and medium sized enterprises (SMEs). Loans are for highly innovative late-stage research and development (R&D) projects with the best potential for the future.

There should be a clear route to commercialisation and economic impact. Funded projects must lead to new products, processes or services that are significantly ahead of others currently available or propose an innovative use of existing products, processes or services. It can also involve a new or innovative business model.

Innovate UK are particularly interested in projects that focus on the future economy areas included in the Innovate UK plan for action.

Competition opens: Thursday 12 May 2022

Competition closes: Wednesday 8 June 2022 11:00am