Innovation loanOpen — rollingVerified scheme data
Innovation Loans Expression of Interest
Innovate UK
Key criteria
- The applicant must be a UK registered SME.
- Applications are restricted to micro, small and medium-sized enterprises.
Last checked against the official source: 3 Aug 2026. Scheme parameters are set by the funder and can change — verify before applying, or let us do it for you.
Related schemes
Patent Box
HM Revenue & Customs
Reduces corporation tax to an effective 10% on profits attributable to patented inventions and certain other IP rights.
Tax reliefVariesRolling intakeUK-wide
R&D Tax Relief (Merged Scheme & ERIS)
HM Revenue & Customs
Corporation tax relief on qualifying R&D expenditure. Merged scheme gives a 20% above-the-line credit (~15-16% net); loss-making R&D-intensive SMEs can claim enhanced support (ERIS) worth up to ~27p per £1 of qualifying spend.
Tax reliefVariesRolling intakeUK-wide
Invest NI Grant for R&D
Invest Northern Ireland
Supports Northern Ireland businesses at every R&D stage, from feasibility to development — typical intervention 40-50% for SMEs.
Grant£10k – £1mRolling intakeNorthern Ireland