Defence Innovation Loans/27 — Next
Funds companies with strong defense applications through development loans and advisory support for advanced innovation.
Defence Innovation Loans are below-market concessional loans delivered jointly by UK Defence Innovation (UKDI) and Innovate UK Loans Ltd for UK SMEs commercialising mature defence innovations. The loan instrument charges 3.7% per annum during the project period (no capital repayments) and 7.4% per annum during the subsequent repayment period, covering up to 100% of eligible project costs. Individu…
Any innovation at TRL 6 or above with a strong defence application, targeting commercialisation within the loan period, open to UK SMEs across all relevant technology domains.
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