Defence: Innovation
The question
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.
Answered by Luke Pollard
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.
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