New pilot programme to provide loans for late-stage R&D for smart and connected infrastructure launched

10 November 2017

Businesses involved in R&D for Infrastructure Systems have the first opportunity for apply for an Innovation Loan through Innovate UK’s new pilot programme.

Innovation loans will offer affordable, flexible, repayable funding for later-stage research & development projects with a clear route to commercial success. Loans between £100k and £1m, will be offered to SMEs that are ready to scale up and can demonstrate that they have a high quality innovation project and are suitable for loan funding.

Projects should be in one of Innovate UK’s priority areas:

  • smart infrastructure
  • urban living
  • energy supply and systems
  • connected transport

For this first ever innovation loans funding competition, Innovate UK is hosting a briefing session for interested companies involved in infrastructure-related sectors.

The central London venue is yet to be confirmed but it will take place on Thursday 16th November, at 9.30am  and registration is now open.

You can read more about the Innovation loan competition here.