Business Basics: boosting SME productivity (trial strand)
The government announced the Business Basics Programme in its Industrial Strategy. The programme will test innovative ways of encouraging micro, small and medium-sized enterprises (SMEs) to adopt existing technologies and business practices that can boost their productivity. In doing so the programme aims to add to the evidence base of what works in driving up SME productivity.
The funding will be used to develop and trial ideas for increasing the adoption of productivity-boosting technology and business practices among SMEs. It will also be used to evaluate the effectiveness of these ideas in the short, medium and long term.
This is the first phase of the Business Basics Fund. This strand of funding is for undertaking full scale trials.
The Business Basics Programme aims to test innovative ways of encouraging SMEs to adopt existing technologies and business practices that boost productivity.
Your proposal should relate to the actions SMEs can take to become more productive:
- adopting existing technology (such as accountancy, CRM or HR software, cloud computing or payment systems)
- adopting modern business practices (such as leadership and management capabilities or developing an innovation culture)
- or a combination of the above
The proof of concept strand for this competition is also open for applicants.