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14 Mar 2022

Innovate UK is offering up to £25 million in loans to micro, small and medium sized enterprises (SMEs)

10 Mar 2022

Join the bike parking revolution and give cyclists somewhere convenient and secure to park their favourite two-wheeler.

10 Mar 2022

From daily commuters to World Cup racers Jack has maintained and kept thousands of bikes on the road and now teaches other mechanics to do the same, delivering Cytech qualifications and sharing...

9 Mar 2022

As a special thank you to the shops and customers participating in this year's eventa number of the campaign's supporters are arranging competitions and discounts.

3 Mar 2022

The Welsh Government are currently working with the Institute of the Motor Industry (IMI) and the Association of Cycle Traders (ACT), along with the ACT’s training provider partner...

3 Mar 2022

The ACT, along with Cytech, are offering tickets 10% off adult tickets when booking in advance of the show. Simply enter our discount code on the ticket page.

3 Mar 2022

Maybe* have pulled together a roundup of the latest social media tips and news updates

2 Mar 2022

The FCA was concerned there was a potential risk of harm to consumers as a result of the way Clearpay, Klarna, Laybuy and Openpay's T&Css were drafted.

24 Feb 2022

Cytech are attending the Cycle Show and will be demonstrating key practices in bike maintenance that are useful for both the trade and...

21 Feb 2022

The meeting will take place virtually on Monday the 28th of February at 4.30pm with guest speaker Chris Boardman, who was recently appointed head of the new...

Innovate UK SME Loan Funding Announced

Posted on in Business News , Cycles News

Innovate Houses of Parliament, budget 2020UK is offering up to £25 million in loans to micro, small and medium sized enterprises (SMEs). Loans are for highly innovative late stage research and development (R&D) projects with the best potential for the future. There should be a clear route to commercialisation and economic impact.

Your project must lead to new products, processes or services that are significantly ahead of others currently available or propose an innovative use of existing products, processes or services. It can also involve a new or innovative business model.

BEIS are particularly interested in projects that focus on the future economy areas included in the Innovate UK plan for action.

You must be able to show that you:

  • need public funding
  • can cover interest payments
  • will be able to repay the loan on time

The funding available will be allocated across a series of four competitions with the next round opening on the day the previous round closes. The final round 4 will close on 13 July 2022.

  • round 1 opens 10 March 2022 (this competition)
  • round 2 opens 14 April 2022
  • round 3 opens 12 May 2022
  • round 4 opens 9 June 2022

In applying to this competition, you are entering into a competitive process. This competition closes at 11am UK time on the deadline stated.

Find out more about how to get started here.

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