HomeGrowth & Tech‘Help to Grow: Digital’ scheme open for applications

‘Help to Grow: Digital’ scheme open for applications

The government’s Help to Grow: Digital scheme – which gives eligible businesses discounts of up to £5,000 on accountancy software – is now open for applications.

The scheme also gives businesses the opportunity to access practical, specialist support and advice on how to choose the right digital technologies to boost their growth and productivity through a new online platform.

As reported previously on Accounting Practice, the new Help to Grow: Digital scheme sits alongside the Help to Grow: Management scheme launched in 2021 as part of wider government efforts to back businesses and level up the economy.

Mike Cherry, National Chair at the Federation of Small Businesses, said: “Small businesses are often keen to embrace new technologies, but we know that one in four lack confidence in their own basic digital skills.

“For those small firms who are eligible, providing the means to make improvements through projects like this will make a real difference for those that are keen to expand their knowledge and skills.

“Our own research has shown that just 40% of small business owners have used applications like cloud services and online data storage or back-up. It’s crucial that practical changes like this scheme are put in place to help small firms adopt digital technologies, making improvements to their own business and driving growth.

“We’re encouraging as many eligible small firms to apply and make the most of this new scheme.”

To qualify for the financial discount through Help to Grow: Digital, businesses can be from any sector, but must:

  • Be based in the UK and registered with Companies House, or be a registered society on the Financial Conduct Authorities Mutuals Register.
  • Employ between five and 249 people.
  • Have been actively trading for over 12 months, and have an incorporation date of at least 365 days prior to application.
  • Be purchasing the approved software for the first time.

Eligible businesses will receive one financial discount towards the purchase of one approved software product up to a maximum of £5,000 (not including VAT) in customer relationship management and digital accounting software product categories.

The financial discount covers 12 months’ worth of approved software product core costs, exclusive of VAT.

For more information, please visit the Help to Grow website.

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