Innovate UK Partner With DueDil to Accelerate Delivery of Coronavirus Loan Scheme

LONDON, June 2, 2020 /PRNewswire/ --A Innovate UK have partnered with DueDilA to get funds to small businesses faster during the Covid-19 crisis.In April the government announced A?750m of support for those small and medium-size enterprises (SMEs) that are most intensively involved in research and development (R&D).The support packageA available through Innovate UK, the national innovation agency, was introduced to accelerate loan payments for new and existing customers to help them to continue their innovation projects that may have otherwise been halted or delayed due to the Covid-19 crisis. Innovate UK will be working with company intelligence platform, DueDil, to deliver loans to businesses in need in record time. DueDil enables Innovate UK to accelerate the lending process by providing authoritative insights on over 4.5 million UK companies in real time, so the Innovate UK Loans Credit Team can quickly assess business suitability for loans and deliver fast decisions to SMEs.DueDil and Innovate UK have worked together since 2018 when Innovate UK launched their Innovation Loans programme for micro, small and medium-sized enterprises (SMEs) with highly innovative late stage projects. Innovate UK approached DueDil to help shape their credit decisioning process in order to assess loan applications at speed with authoritative insights.
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