Help to Grow – the new support scheme from the government

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The government is offering a new scheme called “Help to Grow” for SMEs. ⁠

The programme will help small and medium sized businesses across the UK learn new skills, reach new customers and boost profits.⁠
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You could get:⁠
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– an Executive Development programme that could help you improve business performance and growth potential ⁠
– free online advice and money off software that could help you save time and cut costs through Help to Grow: Digital⁠
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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:⁠
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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

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If you are interested, take a look at the website: https://helptogrow.campaign.gov.uk/⁠
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AllianceCA – Your finance partner⁠
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Grants for small businesses

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Are you aware of all the grants and funding that are available for small businesses like yours?

At times like these it’s worth looking at all the grants that you may be eligible for. And there are a number of ways you can see what’s out there.

For instance, you could hire a external consultant to help you. Alternatively, you could go to one of the excellent third party websites out there like www.moneysavingexpert.com and see what they have for you there.

Sometimes the best answers are the simplest – you can find all grants on the government’s own website, specifically at Finance and support for your business – GOV.UK (www.gov.uk)

So if you have some free time in the lead up to Xmas and the new year (and given that lots of shops are closed and we can’t visit family and friends), take a look and see what funding is out there, and whether it has your name on it.

AllianceCA are there to help clients apply for funding and grants. Firstly, we can provide support in the form of business plans, cashflow forecasts and any other ad hoc financial analysis that you need. Secondly, we have experience of supporting funding applications from everything from bounce back loan to VC funding.

At times like these, funding for small businesses is key to helping SMEs survive 2020 and thrive in 2021.

If you’d like to find out more then get in touch with us here London Accountant | Chartered Accountant London | AllianceCA