Small UK businesses set to 'benefit' from new government funding in tech and management

Jan 29, 2019 · bdaily.co.uk

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Technology projects and pilots across the UK, including digital dairy farming, AI chatbots and cloud computing technology, are among those to benefit from a new fund to boost the productivity of UK small businesses.

Small business minister, Kelly Tolhurst reportedly confirmed this today (January 29). A total of 15 projects from all parts of the UK have won a share of £2m from the first round of funding from the Business Basics Fund.

Among the winning bidders are collaborations between businesses and groups including the Chartered Institute of Professional Development (CIPD), Enterprise Nation, Universities, Cavendish Enterprise and government-backed Growth Hubs.

Dr Ian Campbell, Innovate UK’s executive chair, said: "Trying something new is a big step for any business, but true innovation enables firms grow.

"To solve the UK’s productivity puzzle, we need more firms to adopt new, but proven, technologies and novel ways of doing things so they can get ahead of the competition."

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