In this blog we round up the latest funding announcements which may be of interest to your business.
Innovation Loans Future Economy competition – round 8
Innovate UK is offering up to £25 million in loans to micro, small and medium-sized enterprises (SMEs). Loans are for highly innovative late-stage research and development (R&D) projects with the best potential for the future. There should be a clear route to commercialisation and economic impact.
Your project must lead to new products, processes or services that are significantly ahead of others currently available or propose an innovative use of existing products, processes or services. It can also involve a new or innovative business model.
Innovate UK are particularly interested in projects that focus on the future economy areas included in the Innovate UK plan for action.
You must be able to show that you:
- need public funding,
- can cover interest payments, and
- will be able to repay the loan on time.
You can apply for a loan of between £100,000 and £2 million to fund your project’s eligible costs.
Round 8 of this competition closes for applications on Wednesday 8 March 2023 at 11am.
Further information: Competition overview – Innovation Loans Future Economy Competition: Round 8 – Innovation Funding Service (apply-for-innovation-funding.service.gov.uk)
New Landscapes: Catalyst Research & Development Grant Scheme
The New Landscapes: Fashion, Textiles and Technology Catalyst R&D Grant Scheme will provide five collaborative grants of up to £6,000 cash and up to £15,000 in-kind support to proposals that:
- Grow global networks to enable development of practice, experimentation and testing of sustainable design and production solutions that inspire positive environmental change.
- Support small and medium-sized enterprises (SMEs) to exchange methods of designing and producing in a more sustainable and socially engaged way.
- Support young designers to become advocates for sustainable, ethical and socially engaged fashion, textiles and related technologies.
The closing date to apply is 6 February 2023.
Further information: Call for proposals for Fashion, Textiles and Technology partnership with British Council | UAL (arts.ac.uk)
