Rishi Sunaks Help To Grow Training Scheme For SMEs

Rishi Sunak announced in his budget a New ‘Help To Grow Training Scheme’ For SMEs Managers And Owners. Can your business access The Help To Grow funding?

Who Is The Help To Grow Training Scheme For?

Rishi Sunaks Help To Grow Training Scheme for SMEs is to be made available to up to 130,000 businesses.

How Much Is Available Under The Help To Grow Training Scheme?

Help To Grow Training Scheme For SMEsRishi Sunak is making £520 million available for SME’s to access to improve their business and to increase their competitive edge and to provide them with training that is more readily available to their larger business competitors.

SMEs will be able to claim up to £5,000 worth of Help To Grow Training each, alongside the 50% discount funding available on software purchases mentioned later in this article.

What Sort of Training Is Available For Businesses Under The Help To Grow Training Programme?

The MBA style management training will cover:

  • Financial Management;
  • Management training;
  • Marketing training;
  • Business Mentoring;

The training will be provided by leading business schools, with up to 50 hours training including the assistance from a business mentor throughout the process to ensure that the SMEs can make the most of their Help To Grow support.

Additional Digital Funding Support For Small Businesses Software

In addition to the Help To Grow Training Scheme, Rishi is also making up to 50% grants available for purchasing digital productivity enhancing software, expected to include cloud based software for meetings, project management and client relationship management software.

Rishi Sunak said of The Help To Grow Training Scheme:

“Our brilliant SMEs are the backbone of our economy, creating jobs and generating prosperity – so it’s vital they can access the tools they need to succeed. Help to Grow will ensure they are embracing the latest technology and management training, fuelling our plan for jobs by boosting productivity in all corners of the UK.”