A total of 15 new projects from across the UK have won a share of £2 million from the first round of funding from the Business Basics Fund, part of the modern Industrial Strategy.
Technology projects and pilots up and down the country – including digital dairy farming, artificial intelligence (AI) chatbots and cloud computing technology – are among those to benefit from a new fund to boost the productivity of UK small businesses.
Among the winning bidders are cutting-edge collaborations between businesses and groups including the Chartered Institute of Personnel & Development (CIPD), Enterprise Nation, Universities, Cavendish Enterprise, government-backed Growth Hubs and local authorities.
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Email JaimeSmall Business Minister Kelly Tolhurst, commented, “Small businesses are the backbone of our economy and as part of our modern Industrial Strategy, we are supporting them with new investments to boost their productivity and ensure they can continue to thrive in the future.
“Today’s investment will support innovative projects that test how government and private sector companies can help small businesses adopt a range of technologies and management practices that save them time and make them more efficient.”
Geoff Mulgan, Chief Executive of innovation foundation Nesta, added, “The Business Basics Fund signals a welcome commitment by government to applying experimental methods to boosting economic productivity.
“It is vitally important that we gather evidence about the effectiveness, or otherwise, of the billions of pounds that are spent by governments around the world, currently with not enough hard evidence about what works.”
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