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Innovate UK Innovation Loans (Future Economy)

Innovate UK Innovation Loans (Future Economy)

Offers non-dilutive financing for United Kingdom firms to scale late-stage innovation when standard debt is unavailable.

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Innovate UK Innovation Loans (Future Economy) is a patient-capital loan programme operated by Innovate UK, the UK's national innovation agency and part of UK Research and Innovation (UKRI). The programme is designed to provide long-tenure, below-market-rate financing to UK SMEs engaged in late-stage research and development or early commercialisation activities where grant funding alone is insuffi…

Provides patient-capital loans of up to GBP 5 million to UK SMEs for late-stage R&D and early commercialisation projects across any sector where commercial debt is unavailable.

CycleiHow often this grant runs — e.g. annually, on a rolling basis, or a one-off call.Annual
Next deadlineiThe next date applications are due. Rolling means you can apply any time.—
Decision timeiTypical time from the deadline to the funder's decision.—
Project durationiHow long the funded work is expected to run.—
Award typeiThe form of funding — grant, equity, loan, tax credit, etc.Loan
Match fundingiThe share of project costs you must cover yourself. 0% = fully funded.0%
Funding pooliThe total budget available across all awards in this round.£25M

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Last verified: 22 Jul 2026Source: www.ukri.org