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The government is improving various aspects of its Help to Grow: Digital scheme to allow more businesses to apply, to assist those that have online offers and to provide an enhanced advice service.

Reduction in minimum number of employees

Eligibility for the Help to Grow: Digital scheme is being expanded by reducing the minimum number of employees a business must have from five to one. This means the number of companies able to apply will almost triple, with up to 1.2m UK businesses being eligible to access discounts worth up to £5,000 on approved software.

Expanded digital offer

Alongside this, e-commerce software is being added with a view to supporting businesses to sell online and reach new markets. This includes software to help companies manage their inventory, take payments and gather data on their customers' needs. It is reported that businesses that adopt e-commerce software see on average a 7.5% increase in employee sales over three years.

Additional advice 

The third area in which the Help to Grow: Digital scheme is being enhanced is the provision of a one-to-one advice service for small and medium-sized businesses (SMEs) on digital technology adoption. Applications are being invited from advice platforms to partner with the scheme, with the aim of the service being in place for SMEs to access later this year.

Please see our previous blog ‘Digital technology - advice and financial support for SMEs’ for further information about the Help to Grow: Digital scheme.

About the Author

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Paul Newbold

Partner
After qualifying with KPMG where he gained significant audit experience, Paul joined Torgersens in 1991 and became the firm’s audit partner in 2000. Paul employs his broad range of financial skills to provide commercial and accounting advice to a range of owner-managed businesses in the independent retail, education and professional services sectors. He also has extensive experience dealing with charities, Registered Social Landlords and not-for-profit organisations and co-operatives.   Outside of work, Paul likes to visit Eastern France and South-West German and read novels by David Morrell, Michael Blake and Harper Lee. He also likes watching films, his favourite is The Shawshank Redemption.

To get in touch please e-mail paul.newbold@torgersens.com.

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