Funding

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 three parallel strands for innovation continuity loans:

• strand 1: applicants who are continuing and completing a live project with an Innovate UK award
• strand 2: 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
• strand 3: applicants who are continuing, completing or following on from innovation activity that has not been supported by an Innovate UK award in the last 36 months (this competition)

For more information click here.