Defence: Innovation
(asked on 16th November 2022) - View Source
Question to the Ministry of Defence:
To ask the Secretary of State for Defence, how many loans have been provided to SMEs through the Defence Innovation Loan scheme since it was launched; and what the total value of the loans was in that period.
This question was answered on 21st November 2022
The Defence and Security Accelerator (DASA) and Innovate UK launched Defence Innovation Loans in June 2021 to help small and medium enterprises convert their mature defence innovation into a strong business proposition for defence procurement.
As at 31 October 2022, since launch, six Defence Innovation Loans have been committed. The value of those loans agreed is £ 4,683,301.