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Innovation loans: infrastructure systems

Funding details
Registration opens
08 Nov 2017, 00:00
Registration closes
10 Jan 2018, 12:00
Closes
17 Jan 2018, 12:00
Award
Loans of between £100,000 and £1 million are available
Organisation
Innovate UK
Summary

The aim of this competition is to offer a loan to help SMEs overcome barriers to scaling up innovation in infrastructure systems. It will enable businesses to demonstrate first commercial deployment at scale and take their innovations to market by proving that:

  • the innovation delivers the expected outcomes
  • there is a clear market opportunity for their business
  • applicants are ready to scale up their business and their innovation

Projects must show significant late stage innovation and clearly show how they are working with end users and problem owners. Projects should be in one of our priority areas, which are:

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

Projects should last up to 5 years, of which up to 3 years can focus on research and development (R&D), and up to a further 2 years are available to establish a clear route to commercial success. Loan repayments will be required over a further period of up to 5 years.

Businesses must be able to show that they:

  • can cover interest payments
  • will be able to repay the loan on time
  • need public funding

Related Funding Opportunities

Innovation loans: infrastructure systems

Innovate UK is to provide up to £10 million in loans to SMEs for innovative infrastructure systems projects
Opens:
08.11.17
Closes:
17.01.18