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Completed COLLABORATIVE R&D UKRI Gateway to Research

Financing that enables the post Covid workforce to retrain for new careers

£2.33M GBP

Funder Innovate UK
Recipient Organization Step Exchange Limited
Country United Kingdom
Start Date Apr 30, 2021
End Date Oct 31, 2022
Duration 549 days
Number of Grantees 1
Roles Award Holder
Data Source UKRI Gateway to Research
Grant ID 10004493
Grant Description

StepEx is a UK-based SME specialising in student financial services.

The core team consists of Daniel George, Henry George, Ariane Bouche and Nigel Glaister, whose skills and experience have enabled them to design a service that has far-reaching benefits for the UK economy and education sector. The COVID-19 pandemic has had a detrimental impact on the global economy, with unemployment hitting record levels.

The UK has also seen a drop in higher education enrolment rates, which has only exacerbated the problem. Unfortunately access to higher education is often only possible for the wealthy.

StepEx is offering regulated outcome-based consumer credit that will ensure people from a low socio--economic background can obtain qualifications, which, in turn, will improve the current skill shortage. StepEx proposes a year-5 post-project revenue of £40m+.

All Grantees

Step Exchange Limited

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