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31 Mar 2022

Cytech is going from strength to strength with an ever-increasing number of expansions both in the UK and abroad. 2020-21 were exceptional years with 3 locations opening, and now with the new...

24 Mar 2022

Retailers have until 1st April to sign up on the Local Bike Shop Day website and receive a physical pack in the post to help them promote their business on the day and drive footfall into their...

24 Mar 2022

As online and digital payments have continued to grow in popularity over the past few years, unfortunately so does the risk of fraud. SCA intends to combat this risk by providing a more secure...

24 Mar 2022

Shop owners can now experience the full capabilities of Hubtiger without having to connect to a POS system.

24 Mar 2022

This briefing outlines the most relevant announcements for the cycling sector gathered by the ACT through our involvement in the

23 Mar 2022

Being a HUDJO host puts your business on the bike parking map. You give cyclists a secure place to park and the app makes the whole transaction easy.

23 Mar 2022

The evening of Tuesday 15th March marked the launch of Fully Charged Guildford, with 100 people coming to the...

17 Mar 2022

Bristol City Council has set aside funding for businesses, charities and social enterprises to encourage use of Bristol's vacant commercial property

17 Mar 2022

The APPGCW are delighted to confirm that their guest speaker will be Trudy Harrison MP, who will speak about DfT's Active Travel policy

17 Mar 2022

At the Cycle Show Cytech experts will be on hand to answer any questions from both the trade and public about the world-leading bicycle maintenance courses.

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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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