The Government has called for UK business leaders to communicate the benefits of its Help to Grow business support programmes.
In a letter from the Chancellor, Rishi Sunak, (pictured) and Secretary of State for Business, Energy and Industrial Strategy, Kwasi Kwarteng, the Government said it wanted 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 per cent 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 per cent 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 per cent.
The programmes are open to businesses with 5-249 employees. For more information, please click here.
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