Program

Innovation Loans

Invests patient government loans in United Kingdom companies developing late-stage innovation projects.

Innovate UKUnited KingdomLoan

About

Innovate UK’s Innovation Loans provide patient capital for UK SMEs that are pushing late-stage research and development toward commercial use. The program sits under Innovate UK’s wider support stack, and it fills the gap between grant funding and ordinary commercial lending for businesses that need time to reach market but still have a repayment path.

Loan sizes run from GBP 100,000 to GBP 5 mil…

Industries covered

AIBiotechClimate TechEnergy TechHardwareAdvanced ManufacturingAdvanced MaterialsMedtechSemiconductorsMobility

Grants under Innovation Loans

Each grant below is a distinct funding opportunity with its own eligibility, scope, and deliverables.

Innovation Loans Round 23

Closed

Funds United Kingdom late-stage ventures with long-term patient government loans.

£25M pool

Last verified: 29 May 2026Source: apply-for-innovation-funding.service.gov.uk