Loans are for highly innovative late-stage projects with the best game-changing and disruptive ideas or concepts.
There should be a clear route to commercialisation and economic impact.
Your project must aim to develop new products, processes or services which are significantly ahead of anything similar in the field. You can also propose an innovative use of existing products, processes or services.
Your project must focus on commercialisation, growth or scale-up. Priority will be given to proposals likely to lead to growth and gains in productivity.
You must be able to show that you:
- can cover interest payments
- will be able to repay the loan on time
- need public funding
Loans of between £250,000 and £1.6 million are available for each project, depending on the size.