Global S&T Development Trend Analysis Platform of Resources and Environment
Government backs innovative businesses with new £150 million loan scheme | |
admin | |
2022-03-10 | |
发布年 | 2022 |
语种 | 英语 |
国家 | 英国 |
领域 | 气候变化 ; 资源环境 |
正文(英文) | Government backs innovative businesses with new £150 million loan schemeThe loans programme will broaden the financial support available to businesses, ensuring they can access funding at all stages of innovation.
Some of the UK’s most innovative businesses are set to benefit from a new series of loan competitions offering up to £150 million to support their research and development projects, the government announced today. The loans will support innovations deemed to have the strongest potential to support future economic growth and tackle social challenges, across fields such as net zero, health and wellbeing, and next-generation digital technologies, as well as the ‘7 Technology Families’ of the Innovation Strategy - advanced materials and manufacturing; engineering biology; electronics; sensors; photonics and quantum; and robotics and smart machines. The funding, to be delivered through Innovate UK, will be available to SMEs over the next 3 years and will prioritise projects focused on the most important areas of the future economy as set out in the Innovate UK Plan for Action. Businesses can apply for funding through the Innovation Funding Service. The loans are part of the government’s plan to build on the measures outlined last year in its Innovation Strategy, enabling UK innovators to access the right finance at the right time in order to grow, building on our world-leading research capability and helping to secure the UK’s position as a science superpower. Projects supported via the successful loan programme to date have included portable freezers able to safely deliver vaccines to care homes and surgeries, a platform designed to protect hospitals and healthcare centres from cyber-attacks during the pandemic, and patented hospital screens preventing the transmission of pathogens and viruses. Science Minister George Freeman said:
Businesses with innovative late-stage projects can apply for a loan between £100,000 and £2 million, with flexible repayment terms to help secure their future growth and commercial success. The new full-scale programme will start with monthly competition rounds, for which applicants will need to demonstrate evidence of a high quality proposed innovation project, suitability to take on a loan, and inability to access finance for their project from commercial finance providers. This government-backed finance builds on the success of an extended pilot programme that has been delivered by Innovate UK Loans Limited since 2017, and the programme of innovation continuity loans delivered as part of Innovate UK’s coronavirus support package. Innovation loans are designed to support suitable micro, small and medium sized-businesses (SMEs) in carrying out late-stage research and development projects, with a clear route to commercial success to drive productivity and growth across the UK. Indro Mukerjee, CEO of Innovate UK, said:
The decision to transition from pilot to full-scale loans programme was taken following an independent evaluation of the scheme’s success, which found that the pilot had been extremely effective, and that the innovation loans programme is viewed as a key finance product within the market, supplying essential funding that would not have been available elsewhere. The innovation loans programmes to date have committed £163 million to around 200 businesses in all parts of the UK, enabling new product development and commercialisation activities, supporting investment in research jobs and delivering growing levels of sales. Over a third of businesses in the portfolio have accessed additional private investment, leveraging new capital of over £110 million, with an average raise of £1.8 million.
Published 10 March 2022
|
URL | 查看原文 |
来源平台 | Department for Business, Energy & Industrial Strategy |
文献类型 | 新闻 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/347288 |
专题 | 气候变化 资源环境科学 |
推荐引用方式 GB/T 7714 | admin. Government backs innovative businesses with new £150 million loan scheme. 2022. |
条目包含的文件 | 条目无相关文件。 |
个性服务 |
推荐该条目 |
保存到收藏夹 |
查看访问统计 |
导出为Endnote文件 |
谷歌学术 |
谷歌学术中相似的文章 |
[admin]的文章 |
百度学术 |
百度学术中相似的文章 |
[admin]的文章 |
必应学术 |
必应学术中相似的文章 |
[admin]的文章 |
相关权益政策 |
暂无数据 |
收藏/分享 |
除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。
修改评论