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New £150 million loan scheme for innovative SMEs

New £150 Million Loan Scheme For Innovative Smes

The UK government are launching a new loans programme which will support innovative micro, small and medium sized-businesses. The new series of loans worth £150 million will broaden the support available and allow access at all stages of innovation.

The competitions will support research and development projects that will aid with economic growth and tackle social challenges, including net zero, and others.

Funding will be available over the next 3 years and SMEs can apply for a loan between £100,00 and "2 million with flexible repayment terms.

Find out more or apply through the Innovation Funding Service.

 

Article by GOV.UK