First innovation loans offered to businesses

Innovate UK has offered £8 million to 13 businesses developing innovative solutions for the UK’s urban infrastructure, energy and transport challenges.

The 13 businesses compete in a new global smart infrastructure market, estimated to be worth £1.2 trillion per year by 2025.

The companies applied into a competition which looked for innovative businesses who could use the loan to scale up and commercialise new technologies. This is part of Innovate UK’s 2-year pilot loans programme, through which a total of £50 million is available.

Innovate UK’s pilot programme of innovation loans was introduced to help scale some of the country’s most innovative companies. The programme will do this by helping tackle many of the key issues facing companies with innovative technologies and business models they want to take to market. If successful in the competitive application process, companies can borrow between £100,000 and £1 million.

Non-dilution funding can be a realistic and achieveable alternative to equity funding. MSC R&D’s in-depth knowledge of the R&D funding landscape enables us to offer the widest range of funding solutions to meet differing requirements.

Contact us on 0114 230 8401 for an initial discussion.