£520 million Help to Grow Scheme for SMEs

Embrace digital technology and improve your management skills with the government’s £520 million Help to Grow scheme aimed at small and medium-sized enterprises (SMEs). Learn new skills, reach new customers, and boost profits.

In the words of Rishi Sunak who announced the scheme in the 2021 Budget on 3 March…

“SMEs are the backbone of our economy creating jobs and generating prosperity and so need support to grow and develop.”

The initiative is open to businesses with 5 to 249 employees who have been trading for more than 1 year. It consists of two strands outlined below:

1. Help to Grow: Digital

• Use technology to boost productivity and profits

• Access impartial advice through an online platform

• A discount of 50% on approved software worth up to £5,000 for each eligible business

• The software provided will help businesses build customer relationships and manage their accounts and finances digitally

• The business must be registered at Companies House, ie a company or LLP

2. Help to Grow: Management

• Improve business performance, leadership skills, and growth potential

• Receive 50 hours of ‘MBA’ style management training from leading business schools across 12 weeks

• One-to-one support from a business mentor

• The main modules will cover financial management, innovation, and digital adoption

• The programme is 90% subsidised by the government and will cost £750 to participants

• The participant should be a decision maker or member of the senior management team

---

ACT TODAY

Visit the Help to Grow website for more information and to register your interest.

---

FUSE is an independent Chartered Certified firm of accountants and tax advisors based in Highgate Village, North London. We provide a dynamic range of services to clients working in property, media, entertainment, and professional services. Our clients vary in size from self-employed sole traders, small enterprises and medium-sized businesses. We believe that comprehensive financial planning and sound business financial advice are the keys to growth and profitability.