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Unclaimed
Discovery tool, not advice. Every figure is the published rule, not a decision on your case.
Loans

Innovate UK Innovation Loans (Future Economy)

Status

Usually opens in January and June and September

Projected from the months this call usually opens — not a date the funder has confirmed.

Closed

Projected from the pattern of past calls — confirm on the funder's page before planning around it.

Amount
£5,000,000

Loans of GBP 100,000-5 million, up to 100% of eligible project costs, interest 3.7%-7.4% depending on repayment stage.

You must co-fund 0%.

Funder

Innovate UK (UKRI)

public · national

Deadline: Opens irregularly — Round 25 closed 4 March 2026. Next Innovation Loans competition is deferred; applications still welcome via referral routes (Investor Partners or Innovation Leads).

Your odds
Not published

This funder does not publish a success rate. We rank it using the rate observed across similar programmes and label it as an estimate rather than implying we know.

Effort
moderate

Moderate — a form and supporting documents.

Who can apply

Individuals, large companies, charities, academic and research organisations cannot apply. Projects up to five years.

How to apply

  1. Check eligibility: UK-registered SME, single applicant only (no collaborations)
  2. Apply via the Innovation Funding Service during an open round
  3. Assessment by three independent experts on innovation quality and loan suitability
  4. Credit/financial due diligence by Innovate UK Loans Ltd
  5. Loan agreement and drawdown

What you will need

Related reading: How grant deadlines actually work · The EU SME definition (Recommendation 2003/361)

Apply on the funder's site

Source. https://iuk-business-connect.org.uk/opportunities/innovate-uk-innovation-loans-round-25/

"The next Innovate UK Innovation Loans competition is being deferred as we build towards the release of Innovate UK’s prospectus later this month."

Last checked against the official page on 5 October 2026

Source: iuk-business-connect.org.uk

Report an error Something wrong or out of date? Tell us.

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