Help to Grow: Management
Unlike the Help to Grow Management programme, which was started in 2021, the Help to Grow: Digital programme will be launched in 2022.
Management provides company executives with management and leadership training to help them grow their businesses. Businesses get 50 hours of training over 12 weeks, which is designed to be reasonable for those who work full-time. The course is supported to the tune of ninety per cent by the government. It is being taught at business schools throughout the United Kingdom with the help of successful company owners and industry leaders. As of June, classes have begun taking place at business schools around the country.
How do I qualify for Help to Grow: Digital?
Businesses from any industry may apply for the Help to Grow: Digital financial discount, but only if they satisfy all four of the following requirements:
- Register your company with Companies House or the Financial Conduct Authorities Mutuals Register if it is located in the United Kingdom.
- Employ anything from five to two hundred and forty-nine persons
- At least 365 days before the application, the company must have been in business for at least a year and a half.
- For the first time, purchase the officially certified software.
How much is the Help to Grow: Digital discount worth?
One discount of up to £5,000 (excl. VAT) will be given to eligible enterprises to purchase one authorised software solution for customer relationship management or digital accounting.
Excluding VAT, a 12-month financial reduction is available on approved software package core prices.
Who offers the software?
In the future, the government plans to expand Help to Grow: Digital to include software that aids firms in increasing their online sales.
Minister for Business Kwasi Kwarteng stated: “I want UK companies to be ready to grab all the possibilities that will come their way as we rebuild better from the epidemic.”
With the help of the Help to Grow: Digital initiative, we are ensuring that our small companies will be ready to take advantage of the global digital transformation in the future.
There is no doubt that small and medium-sized enterprises are the backbone of our economy, providing employment and wealth throughout Britain.
In my Budget announcement, I emphasised that we intended to assist companies in becoming more inventive, competitive and lucrative, and I am thrilled that this initiative enables them to do so.
Adopting new technologies proven to enhance procedures and promote production and levelling up their digital abilities will help them develop.
The government has developed the Help to Grow: Digital programme to assist small enterprises.
One-year licences of authorised digital accounting and customer relationship management (CRM) software are eligible for discounts of up to £5,000 per licence. In the end, it’s up to the firm to decide which software it needs the most.
Using the same technology that large corporations use, the government believes that this subsidised software would assist small firms in managing their finances and building client connections, allowing them to grow.
According to Helen Whatley, the Treasury Secretary, “This might aid hundreds of firms.” We’re doing it because it’s a great opportunity.”
In fact, according to the Federation of Small Enterprises, one in four businesses lack trust in their fundamental digital abilities, which is consistent with Whately’s claim that choosing which technology to use is difficult.
So, to further assist the company’s development and efficiency, the department of a business has established a new online platform.
We are seventh in the world for invention but 31st in IT adoption. That’s a big gap!
Mrs Whately remarked that if productivity is increased by either technology or improved management methods, there is a £100 billion potential.
As a result, several small company owners have questioned why they are being penalised for keeping up with technology by not receiving a software discount.
He added: “You might say, let’s do nothing. But we know that Britain has a productivity gap.” If we boost our output, we can win a reward of up to £100 billion. In the future, we’d want to assist the companies that are still in the game.”