Innovate UK Innovation Loans: Flexible R&D Financing with FI Group
Innovate UK Innovation Loans offer UK businesses a unique opportunity to fund late-stage R&D and innovation projects through repayable, flexible financing. These loans are designed for SMEs with high-growth potential that are close to market or scaling commercial activities. Unlike traditional grants, Innovation Loans provide substantial funding with tailored repayment terms, helping companies bridge the gap between innovation and commercial success.
FI Group helps businesses identify loan opportunities, prepare competitive applications, and manage funding in tandem with R&D Tax Relief and other financial incentives. With our technical and financial expertise, we ensure your innovation journey is supported from proposal through to repayment.
What Are Innovate UK Innovation Loans?
Innovation Loans are low-interest loans provided by Innovate UK (part of UKRI) to support:
- Late-stage R&D and commercialisation activities
- Projects that have potential to generate significant economic impact
- SMEs with clear business models and robust financial management
Loans typically range from £100,000 to £2 million, with:
- Up to 3 years of project duration
- Up to 2 years repayment-free period
- Low interest rates (currently around 7.4% APR)
Unlike grants, these funds must be repaid, but terms are significantly more favourable than commercial loans.
