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COVID-19 Advice for business - Innovate UK continuity loans

Article

COVID-19 Advice for business - Innovate UK continuity loans

19 Aug 2020

1 minute read

Innovate UK is offering up to £210 million in loans to SME’s and third-sector organisations who are struggling to continue a live project for which they have Innovate grant funding for.

COVID-19 Advice for business - Innovate UK continuity loans - news article image

Innovate UK is offering up to £210 million in loans to SME’s and third-sector organisations who are struggling to continue a live project for which they have Innovate grant funding for.

The Government-backed awarding body are proving the loans for organisations that find themselves with a lack of or sudden shortage of funds resulting directly from the COVID-19 outbreak. Organisations must have a live project with an Innovate UK grant fund or have a new R&D project which follows on from a previous project with a Innovate UK grant in the last 36 months.

For eligibility criteria and key dates, see the Innovate UK website.

For more on how we support organisations with grant funding meet their obligations post funding see here.

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