Innovation Loan Pilots – Evaluation

Commissioned by Innovate UK (2017-2019)

Evaluation of the £50m Innovation Loan Pilots SME competition scheme introduced by Innovate UK. The scheme aims to provide substantive loan funding to successful applicants – estimated as median loans of £300k to around 165 SMEs during a two-year pilot period, with loans expected to be repaid within a ten-year period. The research is peer reviewed and will adopt a multi-method approach to assess the nature of demand for the loans, the application process and customer journey and early assessment of the value of the loans in terms of their additionality, impacts on innovation progress. The research will involve longitudinal quantitative surveys and qualitative case studies of beneficiary SMES, triangulated with unsuccessful applicants to assess counterfactual evidence.

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