Question to the Ministry of Defence:

To ask the Secretary of State for Defence, the (a) number and (b) value of Defence Innovation Loans made in each round since 4 July 2024.

The number and value of Defence Innovation Loans made since 4 July 2024, by financial year (FY), are as follows:

DIL Round Number Value

Defence Innovation Loan FY2023-24 Cycle 4 1 £881,570

Defence Innovation Loan FY2023-24 Cycle 7 1 £1,247,513

Defence Innovation Loan FY2024-25 Cycle 2 1 £750,000

Defence Innovation Loan FY2024-25 Cycle 5 1 £451,600

TOTAL 4 £3,330,683

Defence Innovation Loans are considered to be “made” when funding is agreed at the end of the two-stage decision process, finalised by the Innovate UK Credit Committee, which can sit several months after the initial DASA/F&G decision conference. This is why two projects appear in this list despite their DIL Cycle being prior to the date stated in the PQ.