£150m in loans to innovative small businesses

A series of loan competitions with up to £150m available to innovative small businesses has been unveiled by the Government and Innovate UK.

SMEs in fields including advanced materials and manufacturing, net zero, health and wellbeing, next-generation digital technologies, engineering biology, electronics, sensors, photonics and quantum, and robotics and smart machines are all encouraged to apply for the loans, with the first round open until 13 April 2022.