The Department of Business, Energy and Industrial Strategy and Innovate UK have up to £2 million to prove and test ideas that enable small businesses to become more productive.
Adopting leading technologies, practices and support services – such as cloud computing, mobile technology and e-purchasing – can improve the productivity and earning power of small and medium-sized enterprises (SMEs), and in turn grow the wider economy.
Now round three of the Business Basics Fund is open and aims to encourage SMEs to implement proven technologies and practices.
Small Business Minister, Kelly Tolhurst said:
Small businesses are the backbone of our economy. As part of our modern Industrial Strategy, we are supporting them with new investments to boost their productivity and ensure they can continue to thrive in the future.
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