Innovation Finance

Financing of up to £5 million, to support promising high-growth and innovative companies.

Solutions for your business

  • A term loan or revolving credit facility partly guaranteed by the European Investment Fund enabling it to be offered, subject to availability and eligibility, to businesses at a competitive price
  • Funds are available for innovative companies meeting a set of criteria including, but not limited to: investing in producing or developing new or substantially improved products, processes or services, fast growing enterprises, having a focus on R&I or where they have significant innovation potential. This also includes all forms of innovation activities resulting in improved environmental protection or sustainable products and services
  • Available to small and medium sized businesses: SMEs < 250 employees, annual turnover < €50 million, total assets < €43 million; Small Mid-caps: < 500 employees and not a SME
  • Flexible general business purpose financing
  • Minimum loan amount £100,000 – maximum £5 million
  • Minimum term of 12 months with maximum terms up to ten years available (subject to credit appetite)
  • A choice of interest rate structures – a variable rate or a fixed rate to give you certainty of your repayment amount irrespective of market interest rate fluctuations
  • Choice of repayment options to match your payments with your income
  • A capital repayment holiday could be made available at the start of the loan subject to eligibility and Bank approval
  • Quick and simple application process.

How can innovation finance support your business?

  • Earlier lending to the most promising of early stage high growth or innovative companies
  • Preferential pricing to allow more funds to be re-cycled into the business
  • Support for activities resulting in improved environmental protection or sustainable products and services.
Contact us

Get in touch

To discuss your business requirements and how Barclays can support you, contact us today.

Important information

  • The facility is supported by the InnovFin SME Guarantee Facility, with the financial backing of the European Union under Horizon 2020 Financial Instruments and the European Fund for Strategic Investments (EFSI) set up under the Investment Plan for Europe. The purpose of EFSI is to help support financing and implementing productive investments in the European Union and to ensure increased access to financing
  • A fee is payable by Barclays to the European Investment Fund, which is factored into the cost of your loan
  • The European Investment Fund may publish details of the transaction on their website and they or the European Commission may contact you directly to, amongst other things, request information and arrange site visits
  • In the event of your default you will remain liable for 100% of the outstanding debt, not just the amount outside the coverage of the guarantee. We will follow our standard commercial recovery procedures, realising all available security in addition to making a claim on the guarantee. We may do this at the beginning or end of the recoveries process
  • Further eligibility criteria apply. Failure to comply with the eligibility criteria for the life of the facility may result in its termination. Lending fees and associated borrowing costs will be applicable
  • Any property used as security, which may include your home, may be repossessed if you do not keep up repayments on your borrowing
  • A GBP facility for this product does not require that you hold a Barclays Business Current Account.