Market Leads & Opportunities

Innovation loans will help UK businesses improve manufacturing

Source: http://www.govopps.co.uk

£12 million innovation loans offered to 17 businesses, which will use the funding to undertake innovative manufacturing and materials R&D projects (November 5th).In the second round of innovation loans funding, £12 million has been offered to 17 businesses developing innovative manufacturing processes or using new materials in production. The companies will use the funding to carry out R&D projects to scale up production and commercialise new technologies.Successful companiesSuccessful applicants to the second round of loans funding include:Callaly: a new feminine care product designed in London and manufactured entirely in the UKKwickScreen: portable printed room partitions, based and manufactured in LondonThe Electrospinning Company: clinical-grade biomaterialsValuechain: manufacturing supply chain software. ValueChain has offices worldwide in China and India, as well as across the UKAshwoods Electric Motors: smaller, lighter and more efficient permanent magnet electric motors