Earlier this year the Chancellor Rishi Sunak launched two schemes to help Small and Medium Enterprises – knows as SMEs – grow and drive economic recovery following the pandemic.
The first is called Help to Grow: Digital which is an online hub offering free advice on what technology will best help SMEs save time and money. Vouchers will be available to fund up to 50 per cent of the cost of computer software to boost productivity. Research has shown that technology can increase a business’s sales by 18 per cent per employee over three years.
The second scheme is called Help to Grow: Management and will give 30,000 SMEs access to world-class business expertise on themes such as financial management and marketing. The UK’s leading business schools will be offering 50 hours of tuition with one-to-one support from a business mentor also available.
Commenting on this Andrew Jones MP said: ‘Prior to entering parliament I spent 25 years in business. SMEs are the backbone of the British economy and I do not underestimate the challenges they currently face. The pandemic’s impact on the economy has been sizeable and I am keen to ensure support is in place to help businesses of all sizes recover. I hope these two schemes will benefit them and other local SMEs.”
More information on how to take advantage of Help to Grow is available here.