Funding and tax relief to aid product design costs


The UK’s Open Innovation Loans Competition is now open for applications and this is the final scheduled competition in Innovate UK’s £50m pilot programme.

The programme was created with small businesses and start-ups in mind, to support them on the road to commercial success with their design projects. Here at CircuitWorx we think this is a fantastic scheme, and not an opportunity to miss out on if you have a promising project on the go but need some capital or business support to grow it further.

Innovate UK is to offer up to £10 million in loans for late stage projects, these loans will offer affordable, patient, flexible, repayable funding for later-stage research & development innovation projects with strong commercial potential.

Briefing events are being held throughout the UK during October, to provide background information and advice on how to prepare a compelling application. The deadline for registration for this Open Innovation Loans Competition is 14th November and the application deadline is noon on 21st November 2018.

Visit the Innovate UK website for further details if this sounds of interest to you!