Research & Development (R&D) is a key element in a company’s development cycle, it allows them to become innovative and to introduce new products and services. In essence it is an investment in future capabilities that can help to secure business growth.
For any business looking to scale up and grow through innovation, there will always be a need to boost cashflow. This is where a Research & Development Loan can be utilised. An R&D loan can be provided when a company is able to demonstrate their needs for such a facility, key areas will include:
- Creation of new plans and design for products, procedures and solutions
- Development of business ready prototypes
- Experimental production and testing of products and/or services
Our R&D loans are aimed at small to medium sized businesses (SME’s) that can demonstrate their needs for future funding. Basically they can be sourced for any company that has a real-life operating solution that can be further enhanced for business improvement.
To find out how you can secure your R&D loan please give us a call on 01993 706403 or e-mail enquiries@ngifinance.co.uk and we can discuss your options with you.