SBC wins funding to help microbusinesses use tech to grow
The Small Business Charter (SBC) has been awarded funding to support over 700 UK microbusinesses to engage with technology to boost their productivity.
A consortium of business schools accredited by the Small Business Charter for their expertise in supporting small businesses and entrepreneurs will deliver the ‘Leading to Grow Programme’.
The programme will be offered at no cost to microbusinesses across England.
In the London area the Guildhall School of Business & Law and Kingston Business School
Businesses that employ up to nine people will be able to apply to take part in workshops around how to utilise existing technologies to improve efficiency and profitability.
Business Basic’s Programme
The funding has been made available through the government’s £9m Business Basics Programme run by the Department of Business, Energy and Industrial Strategy (BEIS) and Innovate UK.
Due to the small size and the dispersed nature of microbusinesses, they have not routinely received planned interventions by government agencies, the body said.
The government is now targeting this type of business due to their potential and readiness to scale-up, and this is the first time that such a programme has been coordinated across the country.
With so many areas being covered it is hoped that this free programme will help a large number of microbusinesses and support economic growth in a number of regions.
The UK’s 1.1 million microbusinesses employ more than four million people and contribute £533bn to the UK economy, SBC said.
The business schools, the Small Business Charter and the government hope to make a real impact on this important part of the economy.
“This Government is determined to make the UK the best place in the world to work and grow a business”, said Small Business Minister Kelly Tolhurst.
Tech to drive productivity
“As a former small business owner, I know how important it is to harness technology in making your business more productive, so I’m pleased to see this Small Business Charter benefitting from a share of our £2million Business Basics Fund.
“Helping small and micro businesses make better use of technology, like those supported by the Small Business Charter, will enable them to seize new opportunities, boost productivity and scale up in new markets as we look to leave the EU.”
Anne Kiem, Executive Director of the Small Business Charter and Chief Executive of the Chartered Association of Business Schools, said: "We are excited to be working with business schools to help improve the productivity of a range of microbusinesses.
“The pace of technological advances means that today’s small firms who embrace innovation will be tomorrow’s success stories”.