Innovate UK have allocated up to £210m for innovation continuity loans to help SME’s and third sector organisations that have been impacted by the Covid-19 pandemic and facing a challenge in continuing, completing or following on an innovation project.
To support more organisations we have further broadened our eligibility criteria and launched Strand 3 of the innovation continuity loans.
Strand 3 innovation continuity loans aim to help SMEs to continue their innovation activity despite the impact of the coronavirus pandemic, without the need to have been supported by an Innovate UK award previously. Loans from £250,000 to £1.6m are available to fund R&D projects
This competition is now open for applications and closes at 11am on the 13 January 2021. You can find out more at our applicant briefing webinar on Wednesday 9 December.