Overview

Innovate UK is offering up to £210 million in loans to micro, small and medium-sized enterprises (SMEs) and third sector organisations that have a challenge in continuing, completing or following on an innovation project. Loans are for organisations that find themselves facing a sudden shortage or even unavailability of funds resulting directly from the COVID-19 pandemic.

There are two parallel strands for innovation continuity loans:

  • strand 1: for applicants who are continuing and completing a live project with an Innovate UK award;
  • strand 2: for applicants who have a new project that follows on from a project with an Innovate UK award that was completed in the last 36 months (this competition)

This competition will support highly innovative late stage projects with a clear route to commercialisation and economic impact.

Your project must aim to develop new products, processes or services which are significantly ahead of anything similar in the field. You can also propose an innovative use of existing products, processes or services.

Key dates

Apply by | 30 September 2020 | 11:00am

Applicants notified | 23 October/3 November 2020

Find out more and apply

Full details about this competition and online application form can be found on the Innovation Funding Service website