{"id":89199,"date":"2018-02-20T15:30:19","date_gmt":"2018-02-20T15:30:19","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=4d813ea8e5c5e52305b3787d2da41239"},"modified":"2018-02-20T15:30:19","modified_gmt":"2018-02-20T15:30:19","slug":"news-story-scaling-up-materials-manufacture-apply-for-an-innovation-loan","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=89199","title":{"rendered":"News story: Scaling up materials &amp; manufacture: apply for an innovation loan"},"content":{"rendered":"<div class=\"govspeak\">\n<p>Up to \u00a310 million in innovation loans is available to UK small or medium-sized enterprises (SMEs) to scale up and commercialise innovative manufacturing processes and materials development.<\/p>\n<p>Innovation loans will be made through Innovate UK Loans Ltd, a wholly-owned subsidiary of Innovate UK.<\/p>\n<h2 id=\"manufacturing-and-commercial-readiness\">Manufacturing and commercial readiness<\/h2>\n<p>The loan competition aims to help SMEs progress their innovative manufacturing and materials projects and achieve manufacturing and commercial readiness.<\/p>\n<p>By commercial readiness we mean:<\/p>\n<ul>\n<li>the capability to produce prototype products or systems at a commercially viable rate or scale<\/li>\n<li>evidence that a business is financeable and has significant market potential<\/li>\n<li>the ability of a business to market and sell its products, processes or services<\/li>\n<\/ul>\n<p>Projects should focus on a late-stage manufacturing or materials innovation rather than be at the product level. They may include (but are not restricted to):<\/p>\n<ul>\n<li>creation of new or improved manufacturing facilities, equipment and systems<\/li>\n<li>development of software<\/li>\n<li>development of new business models<\/li>\n<li>materials testing<\/li>\n<\/ul>\n<p>It is open to all manufacturing sectors.<\/p>\n<div class=\"call-to-action\">\n<p><a href=\"https:\/\/www.gov.uk\/government\/collections\/innovate-uk-manufacturing-and-materials\">Find out more about Innovate UK\u2019s work in manufacturing and materials<\/a>.<\/p>\n<\/div>\n<h2 id=\"innovation-loans-for-late-stage-projects\">Innovation loans for late-stage projects<\/h2>\n<p>This is the second loan competition offered under Innovate UK\u2019s pilot programme.<\/p>\n<p>Recognising that innovations need different types of funding support, Innovate UK\u2019s pilot is a patient, flexible loan scheme for projects that are nearer to market, where there tends to be less risk involved.<\/p>\n<p>It will make available up to \u00a350 million over 2 years to the end of 2019.<\/p>\n<div class=\"call-to-action\">\n<p><a href=\"https:\/\/www.gov.uk\/guidance\/innovation-loans-what-they-are-and-how-to-apply\">Read an overview of innovation loans and what they can be used for<\/a>.<\/p>\n<\/div>\n<h2 id=\"loan-competition-details\">Loan competition details<\/h2>\n<ul>\n<li>the loan competition opens on 26 February, and the deadline for registration is at midday on 25 April 2018<\/li>\n<li>innovation loans can range between \u00a3100,000 and \u00a31 million, and projects last up to 5 years. They are for late-stage experimental development only<\/li>\n<li>you could get an innovation loan of up to 100% of your eligible project costs<\/li>\n<li>only single, UK-based SMEs may apply<\/li>\n<li>briefing events will run across the UK during March 2018<\/li>\n<\/ul>\n<div class=\"call-to-action\">\n<p><a rel=\"external\" href=\"https:\/\/apply-for-innovation-funding.service.gov.uk\/competition\/116\/overview\">Find out more about the loan competition<\/a>.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Innovate UK has up to \u00a310 million in innovation loans for UK SMEs&#8217; late-stage manufacturing and materials projects.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"_links":{"self":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/89199"}],"collection":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=89199"}],"version-history":[{"count":0,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/89199\/revisions"}],"wp:attachment":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=89199"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=89199"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=89199"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}