Program

Defence Innovation Loans

Offers Defence Innovation Loans, supporting concessional below-market financing to United Kingdom small and medium enterprises developing innovations.

Ministry of DefenceUnited KingdomLoan

About

Defence Innovation Loans provide concessional below-market financing to UK SMEs developing innovations with strong defence applications. Loans of £100K–£1M are offered at 7.4% per annum and cover up to 100% of eligible project costs. The program runs in recurring cycles — FY25/26 had 7 cycles; FY26/27 Cycle 1 ran 24 March – 19 May 2026.

The programme is co-administered by UK Defence Innovation (U…

Industries covered

AerospaceAIDefenseHardwareAdvanced MaterialsRoboticsSemiconductors

Grants under Defence Innovation Loans

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

Defence Innovation Loans/27 — Next

Open

Funds companies with strong defense applications through development loans and advisory support for advanced innovation.

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Last verified: 29 May 2026Source: www.gov.uk