Originally written by Anna Jordan on Small Business
The £520m Help to Grow scheme, set to be announced in tomorrow’s Budget, could help 130,000 small and medium-sized businesses.
This plan will enable access to some of the UK’s top business schools, while encouraging more companies to adopt technology, in the hope of opening up opportunities to small businesses that larger businesses can normally afford.
The scheme will have two streams:
The Federation of Small Businesses (FSB) national chair Mike Cherry said:
“We have argued that the UK’s productivity challenge needed practical changes to help small businesses to improve their operations and drive efficiency and growth. This means more of a ‘new-to-firm’ approach for innovation, such as helping small businesses access things such as the cloud where currently less than half (40 per cent) use cloud services.
“Crucially with all digital schemes, it is a reminder that for many, access to fast high-speed broadband remains a premium depending where you go in the country. We cannot allow poor infrastructure through a lack of broadband or 5G to prevent small firms from getting a foothold onto important schemes like this.”