On 1 July 2020, Versarien announced that the UK Government, via Innovate UK, had granted a £5 million loan to the Company, for a project named G-SCALE, an acronym for Graphene, Seat, Concrete, Arch, Leisure, Elastomer. The award was to facilitate the production of sufficient quantities of graphene to enable commercialization of graphene-enhanced products in these five priority application areas. Recently, Versarien has provided a summary of G-SCALE progress for each of the relevant segments.