Small and medium-sized businesses are the backbone of our economy, creating jobs and prosperity across the United Kingdom. That’s why we’re introducing Help to Grow, a scheme that will give them the tools they need to innovate, grow and help drive our recovery from coronavirus.
The first part of this scheme is called Help to Grow: Digital. We’re creating a new, online hub that will offer free advice on what tech will best help SMEs save time, money and help them grow. As part of Help to Grow: Digital, eligible SMEs will also be given vouchers to get up to 50% off the purchase of new productivity enhancing software worth up to £5,000 each. Research shows that technology can increase sales by around 18% per employee over the course of three years.
Our Help to Grow: Management programme will give 30,000 SMEs access to world-class business expertise on everything from financial management to marketing. Dozens of our leading business schools across the country will offer 50 hours of tuition with one-to-one support from a business mentor. In fact, there’s evidence to suggest that even small improvements in management practices can lead to 10% increases in productivity.
Help to Grow will fuel our Plan for Jobs and boost productivity in all corners of the UK and turbocharge our economic recovery.
Register your interest now at gov.uk/helptogrow