Innovate UK
ICF Innovation Loans
Sourced over a month ago — verify with the funder before applying
Low-interest loans of £100k–£1m for late-stage innovation projects. Below-market interest rate with flexible repayment terms.
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Find your grantsEligibility
- —UK-registered SME (fewer than 250 employees, turnover under €50m).
- —Project must be at late-stage innovation — beyond proof of concept, moving toward commercial launch.
- —Must have a clear route to repayment from future revenue.
- —Cannot be used to refinance existing debt.
- —At least 2 years trading history preferred.
About this grant
Innovation Loans provide below-market-rate financing for UK SMEs at the late stage of innovation development — where there's a prototype but investment for commercial launch is still needed. Loans are repayable (unlike grants) but at subsidised interest rates. Intended to bridge the gap between innovation completion and commercial revenue/private investment. Can be used alongside grant funding.
Source: the funder's page — always confirm criteria with the funder before applying.
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