Secure Strategic Funding for Your Late-Stage R&D and Early Commercialisation

Unlock your business’s innovative potential with the Innovate UK Innovation Loans Round 24. Designed specifically for UK SMEs, these loans offer patient capital to bridge the crucial gap between late-stage research and full market commercialisation.

FI Group’s comprehensive downloadable guide is your essential resource to navigate this competitive funding opportunity.

Scroll to the bottom of the page to download the guide.

See here for a full list of Innovate UK Innovation Loans FAQs

What Are Innovate UK Innovation Loans?

Innovate UK Innovation Loans provide non-dilutive finance to support late-stage R&D and early commercialisation activities. Eligible UK SMEs can now secure:

Loans from £100,000 to £5 million (recently increased from the previous £2 million cap)
Coverage for up to 100% of eligible project costs
Project durations of up to 5 years, with a total loan lifecycle up to 7 years
Initial low interest at 3.7%, increasing to 7.4% during the repayment phase

These loans specifically fund activities such as R&D, prototyping, tooling, marketing, customer testing, capital deployment, pre-commercial readiness, trials, and scale-up operations.

Benefits of Innovation Loans Round 24

Non-Dilutive Capital: Maintain full equity ownership of your innovative business.
Competitive Interest Rates: Benefit from low initial interest rates of 3.7% during critical project phases.
Flexible Repayment Structure: Structured repayment phases to accommodate your project timeline and cash flow requirements.
Strategic Alignment: Funding specifically targets projects aligned with net zero, health, digital technology, and advanced manufacturing.

FI Group: Strategic Consultants for Innovation Loan Success

FI Group offers expert consultancy designed to navigate the complexity of Innovate UK’s financing landscape effectively. Our specialised team delivers comprehensive, strategically informed services to optimise application outcomes and ensure regulatory alignment, including:

Strategic advisory and identification of complementary funding opportunities
Precision-driven application development and thorough evaluative review
Comprehensive market analysis coupled with detailed financial projection expertise
We can provide a full-funnel innovation funding strategy which covers the four pillars to non-dilutive funding success: R&D Tax, Innovation Loans, Grants and Debt Financing.

Engage with FI Group to optimise your opportunity to secure Innovate UK’s Innovation Loans and strategically enhance your innovative enterprise. Book an introductory meeting.

Innovate UK Innovation Loans 2025 Guide: Propel Your Business Growth

Innovate UK Innovation Loans 2025 Guide: Propel Your Business Growth