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PARLIAMENTARY WRITTEN QUESTION
(10 April 2026)

Question Asked

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.

Asked by:
Steve Barclay (Conservative)

Answer

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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