Fuel Your Scale-Up with Innovate UK’s £5M Innovation Loans – Round 22 Live!

Innovation loans now offer up to £5 million — 100% funding, no equity dilution

Innovate UK’s latest Innovation Loans competition has launched and it’s a game-changer for SME’s and start-ups looking to scale without giving up equity.

Innovate loans now offer:

  • Up to £5 million per project, previously £2m
  • Support for pre-commercial work such as pilot production, market testing, and product finalisation
  • A non-dilutive alternative to raising equity

How we can help

At Streets, our specialist grants team work closely with founders to make the application process as seamless and successful as possible.

If you’re considering applying, we’ll start with a one-to-one session to assess whether your business and project are a good fit for this type of loan. We’ll look at things like your project’s technology readiness, route to market, financial profile, and risk appetite all through the lens of what Innovate UK is looking for.

From there, we’ll handle the full application process on your behalf from writing the technical narrative and compiling financials, to submitting and responding to assessors’ feedback.

Why Now?

This loan call is particularly well-suited to:

  • Tech-led SMEs with late-stage R&D projects (TRL 6–8)
  • Businesses gearing up for their first commercial deployment

It’s a unique opportunity to unlock growth funding with flexible repayment terms, while keeping full control of your business.

Need help getting started?

Get in touch with our grants team today by emailing info@streets.uk or to book a meeting click here.

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