Innovation Continuity Loans
Strand 1 is available to existing IUK award holders who have a challenge in completing or continuing a live project due to the impact of Covid. This is an open competition and we will accept applications as they are submitted until the closing date.
Strand 2 is available to organisations who have a follow on project from an IUK supported project that was completed in the last 3 years. Applications will be assessed after the closing date.
Strand 3 which has just been launched is to help SMEs to continue their innovation activity despite the impact of the pandemic, without the need to have been supported by an Innovate UK award within the last 36 months. Applications will be assessed after the closing date.
All competitions open for applications until 11am 13th January 2021.
Innovate UK have allocated up to £210m for innovation continuity loans to help SME’s and third sector organisations that have been impacted by the Covid-19 pandemic and facing a challenge in continuing, completing or following on an innovation project.
To support more organisations, we have further broadened our eligibility criteria and launched
Strand 3 of the innovation continuity loans.
Strand 3 innovation continuity loans aim to help SMEs to continue their innovation activity despite the impact of the pandemic, without the need to have been supported by an Innovate UK award in the last 36 months. Loans from £250,000 to £1.6m are available to fund continuation of R&D projects.
This competition is now open for applications and closes at 11am on the 13th January 2021. You can find out more at our applicant briefing webinar on Wednesday 9th December.
Existing innovation continuity loans competitions also extended.
Strand 1 of the innovation continuity loans remain available for the continuation of live projects with an Innovate UK award. This is an open competition and the deadline for applications is 13th January 2021.
Strand 2 of the innovation continuity loans has also been extended to 13th January 2021. This is for applicants with a new project that follows on from a recently completed Innovate UK project. Make sure you read the guidance before applying.