A chance to get Government support
Following a letter from the Chancellor and Business Secretary to business leaders we want to let you know about some opportunities to your SME clients’ get support via Government’s Help to Grow business support programmes.
Government want to ensure that small and medium sized businesses in all parts of the UK are supported to emerge stronger from the COVID-19 pandemic, driving innovation, growth and job creation.
The two Help to Grow programmes – Help to Grow: Management and Help to Grow: Digital – aim to boost productivity and drive growth among the UK’s small and medium sized businesses with over half a billion pounds of funding.
Help to Grow: Management has been running since July 2021, providing business leaders with 90% subsidised management and leadership training from UK business schools, to help them learn new skills and boost profits. The Office for National Statistics has found that even small changes to management practices can yield an almost 10% increase in business productivity. Businesses across the country have reported greater confidence and expectations of growth after attending the course.
Launched in January, Help to Grow: Digital offers businesses free and impartial advice and the chance to apply for a financial discount worth up to £5,000 towards the costs of purchasing approved, productivity enhancing software, with the initial focus on digital accounting and customer relationship management. The scheme can help businesses save time and money, so boosting their performance and growth by becoming more innovative, more competitive, and more profitable. Research by the Enterprise Research Council and the Office for National Statistics has found that adopting digital technologies is linked to business productivity increases of 7-25%.
The programmes are open to businesses with 5-249 employees. Both will continue to develop and scale – the scope of technologies covered by the Help to Grow: Digital financial discount will expand and Help to Grow: Management will be rolled out to more business schools.
You can sign up to an online event where you will learn more about the schemes and how we can work together in promoting the excellent Help to Grow offer. You can register for a place here.
If you have any questions or comments, please do not hesitate to contact the Help to Grow team at helptogrow@beis.gov.uk.
The post A chance to get Government support appeared first on British Insurance Brokers' Association.
