Innovate UK is to offer funding to SME’s for innovative late stage R&D projects

Innovate UK and the Knowledge Transfer Network have announced the details of briefing events across the UK for the first of Innovate UK’s Open innovation loans competitions, which is now open for applications.

Innovation loans competition briefing events

The launch event, with a live and recorded webinar will be at Cavendish Conference Centre in London on 30th April. Further briefing events will be held in:

Birmingham, The Priory Rooms – 9th May

(Click on the above link to register)

The purpose of the briefing event is to provide vital information to enable businesses to decide if an innovation loan is appropriate for them and, if so, to develop a clear and compelling application that shows that they have an innovative project and are suitable for a loan.


09:30 – Coffee & Registration

10:00 – Welcome & Introduction

10:05 – Innovate UK and innovation loans overview

10:20 – Competition scope and Q&A

11:30 – How to complete Application Part A on your project

12:00 – How to complete Application Part B on your business

12:45 – Q&A

13:00 – Networking lunch

14:00 – Close

About Innovation Loans

Innovate UK is to offer up to £10 million in loans to SMEs for innovative late stage projects. The aim of this competition is to provide loans to help SMEs to undertake game-changing innovations with strong commercial potential across any sector or industry. Innovation loans will offer affordable, patient, flexible, repayable funding for later-stage research & development projects with a clear route to commercial success. More information can be found here. The deadline for registration for the competition is 6 June and the application deadline is noon on 13 June 2018. We expect to run two further Open competitions for innovation loans during the course of this year.