diff --git a/code/lib/preview-api/src/modules/store/csf/portable-stories.test.ts b/code/lib/preview-api/src/modules/store/csf/portable-stories.test.ts
index 2ad7f7500f5b..8e0452cc41fc 100644
--- a/code/lib/preview-api/src/modules/store/csf/portable-stories.test.ts
+++ b/code/lib/preview-api/src/modules/store/csf/portable-stories.test.ts
@@ -1,9 +1,16 @@
 import { describe, expect, vi, it } from 'vitest';
+import type {
+  ComponentAnnotations as Meta,
+  StoryAnnotationsOrFn as Story,
+  Store_CSFExports,
+} from '@storybook/types';
 import { composeStory, composeStories } from './portable-stories';
 
+type StoriesModule = Store_CSFExports & Record<string, any>;
+
 // Most integration tests for this functionality are located under renderers/react
 describe('composeStory', () => {
-  const meta = {
+  const meta: Meta = {
     title: 'Button',
     parameters: {
       firstAddon: true,
@@ -14,8 +21,57 @@ describe('composeStory', () => {
     },
   };
 
+  it('should call and compose loaders data', async () => {
+    const loadSpy = vi.fn();
+    const args = { story: 'story' };
+    const LoaderStory: Story = {
+      args,
+      loaders: [
+        async (context) => {
+          loadSpy();
+          expect(context.args).toEqual(args);
+          return {
+            foo: 'bar',
+          };
+        },
+      ],
+      render: (_args, { loaded }) => {
+        expect(loaded).toEqual({ foo: 'bar' });
+      },
+    };
+
+    const composedStory = composeStory(LoaderStory, {});
+    await composedStory.load();
+    expect(loadSpy).toHaveBeenCalled();
+    composedStory();
+  });
+
+  it('should work with spies set up in loaders', async () => {
+    const spyFn = vi.fn();
+
+    const Story: Story = {
+      args: {
+        spyFn,
+      },
+      loaders: [
+        async () => {
+          spyFn.mockReturnValue('mockedData');
+        },
+      ],
+      render: (args) => {
+        const data = args.spyFn();
+        expect(data).toBe('mockedData');
+      },
+    };
+
+    const composedStory = composeStory(Story, {});
+    await composedStory.load();
+    composedStory();
+    expect(spyFn).toHaveBeenCalled();
+  });
+
   it('should return story with composed args and parameters', () => {
-    const Story = () => {};
+    const Story: Story = () => {};
     Story.args = { primary: true };
     Story.parameters = {
       parameters: {
@@ -32,7 +88,7 @@ describe('composeStory', () => {
 
   it('should compose with a play function', async () => {
     const spy = vi.fn();
-    const Story = () => {};
+    const Story: Story = () => {};
     Story.args = {
       primary: true,
     };
@@ -61,7 +117,7 @@ describe('composeStory', () => {
 
   describe('Id of the story', () => {
     it('is exposed correctly when composeStories is used', () => {
-      const module = {
+      const module: StoriesModule = {
         default: {
           title: 'Example/Button',
         },
@@ -71,7 +127,7 @@ describe('composeStory', () => {
       expect(Primary.id).toBe('example-button--csf-3-primary');
     });
     it('is exposed correctly when composeStory is used and exportsName is passed', () => {
-      const module = {
+      const module: StoriesModule = {
         default: {
           title: 'Example/Button',
         },
@@ -92,7 +148,7 @@ describe('composeStories', () => {
   const defaultAnnotations = { render: () => '' };
   it('should call composeStoryFn with stories', () => {
     const composeStorySpy = vi.fn((v) => v);
-    const module = {
+    const module: StoriesModule = {
       default: {
         title: 'Button',
       },
@@ -117,7 +173,7 @@ describe('composeStories', () => {
 
   it('should not call composeStoryFn for non-story exports', () => {
     const composeStorySpy = vi.fn((v) => v);
-    const module = {
+    const module: StoriesModule = {
       default: {
         title: 'Button',
         excludeStories: /Data/,
@@ -130,7 +186,7 @@ describe('composeStories', () => {
 
   describe('non-story exports', () => {
     it('should filter non-story exports with excludeStories', () => {
-      const StoryModuleWithNonStoryExports = {
+      const StoryModuleWithNonStoryExports: StoriesModule = {
         default: {
           title: 'Some/Component',
           excludeStories: /.*Data/,
@@ -148,7 +204,7 @@ describe('composeStories', () => {
     });
 
     it('should filter non-story exports with includeStories', () => {
-      const StoryModuleWithNonStoryExports = {
+      const StoryModuleWithNonStoryExports: StoriesModule = {
         default: {
           title: 'Some/Component',
           includeStories: /.*Story/,
diff --git a/code/lib/preview-api/src/modules/store/csf/portable-stories.ts b/code/lib/preview-api/src/modules/store/csf/portable-stories.ts
index 91e4cdc365e1..de45ab6af59b 100644
--- a/code/lib/preview-api/src/modules/store/csf/portable-stories.ts
+++ b/code/lib/preview-api/src/modules/store/csf/portable-stories.ts
@@ -87,16 +87,20 @@ export function composeStory<TRenderer extends Renderer = Renderer, TArgs extend
   };
 
   const composedStory: ComposedStoryFn<TRenderer, Partial<TArgs>> = Object.assign(
-    (extraArgs?: Partial<TArgs>) => {
-      const finalContext: StoryContext<TRenderer> = {
-        ...context,
-        args: { ...context.initialArgs, ...extraArgs },
+    function storyFn(extraArgs?: Partial<TArgs>) {
+      context.args = {
+        ...context.initialArgs,
+        ...extraArgs,
       };
 
-      return story.unboundStoryFn(prepareContext(finalContext));
+      return story.unboundStoryFn(prepareContext(context));
     },
     {
       storyName,
+      load: async () => {
+        const loadedContext = await story.applyLoaders(context);
+        context.loaded = loadedContext.loaded;
+      },
       args: story.initialArgs as Partial<TArgs>,
       parameters: story.parameters as Parameters,
       argTypes: story.argTypes as StrictArgTypes<TArgs>,
diff --git a/code/lib/types/src/modules/composedStory.ts b/code/lib/types/src/modules/composedStory.ts
index 5ce61bc678e8..24bf673cabe6 100644
--- a/code/lib/types/src/modules/composedStory.ts
+++ b/code/lib/types/src/modules/composedStory.ts
@@ -55,6 +55,7 @@ export type ComposedStoryFn<
   TRenderer extends Renderer = Renderer,
   TArgs = Args,
 > = PartialArgsStoryFn<TRenderer, TArgs> & {
+  load: () => Promise<void>;
   play: ComposedStoryPlayFn<TRenderer, TArgs> | undefined;
   args: TArgs;
   id: StoryId;
diff --git a/code/renderers/react/src/__test__/Button.stories.tsx b/code/renderers/react/src/__test__/Button.stories.tsx
index 6882b957b136..859a02ea9d1f 100644
--- a/code/renderers/react/src/__test__/Button.stories.tsx
+++ b/code/renderers/react/src/__test__/Button.stories.tsx
@@ -1,5 +1,5 @@
 import React from 'react';
-import { within, userEvent } from '@storybook/testing-library';
+import { within, userEvent, fn, expect } from '@storybook/test';
 import type { StoryFn as CSF2Story, StoryObj as CSF3Story, Meta } from '..';
 
 import type { ButtonProps } from './Button';
@@ -84,7 +84,36 @@ export const CSF3InputFieldFilled: CSF3Story = {
   play: async ({ canvasElement, step }) => {
     const canvas = within(canvasElement);
     await step('Step label', async () => {
-      await userEvent.type(canvas.getByTestId('input'), 'Hello world!');
+      const inputEl = canvas.getByTestId('input');
+      await userEvent.type(inputEl, 'Hello world!');
+      await expect(inputEl).toHaveValue('Hello world!');
     });
   },
 };
+
+const spyFn = fn();
+export const LoaderStory: CSF3Story<{ spyFn: (val: string) => string }> = {
+  args: {
+    spyFn,
+  },
+  loaders: [
+    async () => {
+      spyFn.mockReturnValueOnce('baz');
+      return {
+        value: 'bar',
+      };
+    },
+  ],
+  render: (args, { loaded }) => {
+    const data = args.spyFn('foo');
+    return (
+      <div>
+        <div data-testid="loaded-data">{loaded.value}</div>
+        <div data-testid="spy-data">{String(data)}</div>
+      </div>
+    );
+  },
+  play: async () => {
+    expect(spyFn).toHaveBeenCalledWith('foo');
+  },
+};
diff --git a/code/renderers/react/src/__test__/__snapshots__/portable-stories.test.tsx.snap b/code/renderers/react/src/__test__/__snapshots__/portable-stories.test.tsx.snap
index 2b92b1d68424..018406c3581d 100644
--- a/code/renderers/react/src/__test__/__snapshots__/portable-stories.test.tsx.snap
+++ b/code/renderers/react/src/__test__/__snapshots__/portable-stories.test.tsx.snap
@@ -94,3 +94,22 @@ exports[`Renders CSF3Primary story 1`] = `
   </div>
 </body>
 `;
+
+exports[`Renders LoaderStory story 1`] = `
+<body>
+  <div>
+    <div>
+      <div
+        data-testid="loaded-data"
+      >
+        bar
+      </div>
+      <div
+        data-testid="spy-data"
+      >
+        baz
+      </div>
+    </div>
+  </div>
+</body>
+`;
diff --git a/code/renderers/react/src/__test__/portable-stories.test.tsx b/code/renderers/react/src/__test__/portable-stories.test.tsx
index afa0b70142e4..bcac8173dc78 100644
--- a/code/renderers/react/src/__test__/portable-stories.test.tsx
+++ b/code/renderers/react/src/__test__/portable-stories.test.tsx
@@ -10,7 +10,7 @@ import type { Button } from './Button';
 import * as stories from './Button.stories';
 
 // example with composeStories, returns an object with all stories composed with args/decorators
-const { CSF3Primary } = composeStories(stories);
+const { CSF3Primary, LoaderStory } = composeStories(stories);
 
 // example with composeStory, returns a single story composed with args/decorators
 const Secondary = composeStory(stories.CSF2Secondary, stories.default);
@@ -44,6 +44,15 @@ describe('renders', () => {
     const buttonElement = getByText(/foo/i);
     expect(buttonElement).not.toBeNull();
   });
+
+  it('should call and compose loaders data', async () => {
+    await LoaderStory.load();
+    const { getByTestId, container } = render(<LoaderStory />);
+    expect(getByTestId('spy-data').textContent).toEqual('baz');
+    expect(getByTestId('loaded-data').textContent).toEqual('bar');
+    // spy assertions happen in the play function and should work
+    await LoaderStory.play!({ canvasElement: container as HTMLElement });
+  });
 });
 
 describe('projectAnnotations', () => {
@@ -139,9 +148,13 @@ describe('ComposeStories types', () => {
 });
 
 // Batch snapshot testing
-const testCases = Object.values(composeStories(stories)).map((Story) => [Story.storyName, Story]);
+const testCases = Object.values(composeStories(stories)).map(
+  (Story) => [Story.storyName, Story] as [string, typeof Story]
+);
 it.each(testCases)('Renders %s story', async (_storyName, Story) => {
   cleanup();
-  const tree = await render(<Story />);
-  expect(tree.baseElement).toMatchSnapshot();
+  await Story.load();
+  const { container, baseElement } = await render(<Story />);
+  await Story.play?.({ canvasElement: container });
+  expect(baseElement).toMatchSnapshot();
 });
diff --git a/code/renderers/vue3/src/__tests__/composeStories/Button.stories.ts b/code/renderers/vue3/src/__tests__/composeStories/Button.stories.ts
index 239416df5c35..de8b3edde4c1 100644
--- a/code/renderers/vue3/src/__tests__/composeStories/Button.stories.ts
+++ b/code/renderers/vue3/src/__tests__/composeStories/Button.stories.ts
@@ -1,4 +1,4 @@
-import { userEvent, within } from '@storybook/testing-library';
+import { userEvent, within, expect, fn } from '@storybook/test';
 import type { Meta, StoryFn as CSF2Story, StoryObj } from '../..';
 
 import Button from './Button.vue';
@@ -114,7 +114,39 @@ export const CSF3InputFieldFilled: CSF3Story = {
   play: async ({ canvasElement, step }) => {
     const canvas = within(canvasElement);
     await step('Step label', async () => {
-      await userEvent.type(canvas.getByTestId('input'), 'Hello world!');
+      const inputEl = canvas.getByTestId('input');
+      await userEvent.type(inputEl, 'Hello world!');
+      await expect(inputEl).toHaveValue('Hello world!');
     });
   },
 };
+
+const spyFn = fn();
+export const LoaderStory: StoryObj<{ spyFn: (val: string) => string }> = {
+  args: {
+    spyFn,
+  },
+  loaders: [
+    async () => {
+      spyFn.mockReturnValueOnce('baz');
+      return {
+        value: 'bar',
+      };
+    },
+  ],
+  render: (args, { loaded }) => ({
+    components: { Button },
+    setup() {
+      return { args, data: args.spyFn('foo'), loaded: loaded.value };
+    },
+    template: `
+      <div>
+        <div data-testid="loaded-data">{{loaded}}</div>
+        <div data-testid="spy-data">{{data}}</div>
+      </div>
+    `,
+  }),
+  play: async () => {
+    expect(spyFn).toHaveBeenCalledWith('foo');
+  },
+};
diff --git a/code/renderers/vue3/src/__tests__/composeStories/__snapshots__/portable-stories.test.ts.snap b/code/renderers/vue3/src/__tests__/composeStories/__snapshots__/portable-stories.test.ts.snap
index 75eab08758cf..5ef40a0d82f3 100644
--- a/code/renderers/vue3/src/__tests__/composeStories/__snapshots__/portable-stories.test.ts.snap
+++ b/code/renderers/vue3/src/__tests__/composeStories/__snapshots__/portable-stories.test.ts.snap
@@ -86,3 +86,22 @@ exports[`Renders CSF3Primary story 1`] = `
   </div>
 </body>
 `;
+
+exports[`Renders LoaderStory story 1`] = `
+<body>
+  <div>
+    <div>
+      <div
+        data-testid="loaded-data"
+      >
+        bar
+      </div>
+      <div
+        data-testid="spy-data"
+      >
+        baz
+      </div>
+    </div>
+  </div>
+</body>
+`;
diff --git a/code/renderers/vue3/src/__tests__/composeStories/portable-stories.test.ts b/code/renderers/vue3/src/__tests__/composeStories/portable-stories.test.ts
index 4c541e1c4536..9c698a4d8824 100644
--- a/code/renderers/vue3/src/__tests__/composeStories/portable-stories.test.ts
+++ b/code/renderers/vue3/src/__tests__/composeStories/portable-stories.test.ts
@@ -10,35 +10,46 @@ import type Button from './Button.vue';
 import { composeStories, composeStory, setProjectAnnotations } from '../../portable-stories';
 
 // example with composeStories, returns an object with all stories composed with args/decorators
-const { CSF3Primary } = composeStories(stories);
+const { CSF3Primary, LoaderStory } = composeStories(stories);
 
 // example with composeStory, returns a single story composed with args/decorators
 const Secondary = composeStory(stories.CSF2Secondary, stories.default);
 
-it('renders primary button', () => {
-  render(CSF3Primary({ label: 'Hello world' }));
-  const buttonElement = screen.getByText(/Hello world/i);
-  expect(buttonElement).toBeInTheDocument();
-});
+describe('renders', () => {
+  it('renders primary button', () => {
+    render(CSF3Primary({ label: 'Hello world' }));
+    const buttonElement = screen.getByText(/Hello world/i);
+    expect(buttonElement).toBeInTheDocument();
+  });
 
-it('reuses args from composed story', () => {
-  render(Secondary());
-  const buttonElement = screen.getByRole('button');
-  expect(buttonElement.textContent).toEqual(Secondary.args.label);
-});
+  it('reuses args from composed story', () => {
+    render(Secondary());
+    const buttonElement = screen.getByRole('button');
+    expect(buttonElement.textContent).toEqual(Secondary.args.label);
+  });
 
-it('myClickEvent handler is called', async () => {
-  const myClickEventSpy = vi.fn();
-  render(Secondary({ onMyClickEvent: myClickEventSpy }));
-  const buttonElement = screen.getByRole('button');
-  buttonElement.click();
-  expect(myClickEventSpy).toHaveBeenCalled();
-});
+  it('myClickEvent handler is called', async () => {
+    const myClickEventSpy = vi.fn();
+    render(Secondary({ onMyClickEvent: myClickEventSpy }));
+    const buttonElement = screen.getByRole('button');
+    buttonElement.click();
+    expect(myClickEventSpy).toHaveBeenCalled();
+  });
+
+  it('reuses args from composeStories', () => {
+    const { getByText } = render(CSF3Primary());
+    const buttonElement = getByText(/foo/i);
+    expect(buttonElement).toBeInTheDocument();
+  });
 
-it('reuses args from composeStories', () => {
-  const { getByText } = render(CSF3Primary());
-  const buttonElement = getByText(/foo/i);
-  expect(buttonElement).toBeInTheDocument();
+  it('should call and compose loaders data', async () => {
+    await LoaderStory.load();
+    const { getByTestId, container } = render(LoaderStory());
+    expect(getByTestId('spy-data').textContent).toEqual('baz');
+    expect(getByTestId('loaded-data').textContent).toEqual('bar');
+    // spy assertions happen in the play function and should work
+    await LoaderStory.play!({ canvasElement: container as HTMLElement });
+  });
 });
 
 describe('projectAnnotations', () => {
@@ -131,8 +142,10 @@ it.each(testCases)('Renders %s story', async (_storyName, Story) => {
     return;
   }
 
+  await Story.load();
+  const { container, baseElement } = await render(Story());
+  await Story.play?.({ canvasElement: container as HTMLElement });
   await new Promise((resolve) => setTimeout(resolve, 0));
 
-  const tree = await render(Story());
-  expect(tree.baseElement).toMatchSnapshot();
+  expect(baseElement).toMatchSnapshot();
 });
diff --git a/test-storybooks/portable-stories-react/src/stories/Button.stories.tsx b/test-storybooks/portable-stories-react/src/stories/Button.stories.tsx
index 83d21d2702f9..fb3793b815c1 100644
--- a/test-storybooks/portable-stories-react/src/stories/Button.stories.tsx
+++ b/test-storybooks/portable-stories-react/src/stories/Button.stories.tsx
@@ -1,4 +1,4 @@
-import { expect, within, userEvent } from '@storybook/test';
+import { expect, within, userEvent, fn } from '@storybook/test';
 import type { StoryFn as CSF2Story, StoryObj as CSF3Story, Meta } from '@storybook/react';
 
 import type { ButtonProps } from './Button';
@@ -99,3 +99,30 @@ export const CSF3InputFieldFilled: CSF3Story = {
     console.log('end of play function')
   },
 };
+
+const spyFn = fn();
+export const LoaderStory: CSF3Story<{ spyFn: (val: string) => string }> = {
+  args: {
+    spyFn,
+  },
+  render: (args, { loaded }) => {
+    const data = args.spyFn('foo');
+    return (
+      <div>
+        <div data-testid="loaded-data">{loaded.value}</div>
+        <div data-testid="spy-data">{String(data)}</div>
+      </div>
+    );
+  },
+  loaders: [
+    async () => {
+      spyFn.mockReturnValueOnce('mocked');
+      return {
+        value: 'bar',
+      };
+    },
+  ],
+  play: async () => {
+    expect(spyFn).toHaveBeenCalledWith('foo');
+  },
+};
\ No newline at end of file