Digital Assets

As the UK begins its long journey to recovery in the aftermath of the COVID pandemic, the government is aiming to support smaller companies on their path to growth. One of the main planks of that is the Help to Grow scheme, which this autumn is being extended into a new digital scheme.  

As of October, Help to Grow: Digital comes online, offering free impartial advice on how technology can boost a growing business, delivered through a new online platform. The scheme also offers SMEs the chance to claim a discount of up to 50% on the costs of approved software, worth up to £5,000.  

Vouchers are initially expected to be available for software that helps businesses: 

  • build customer relationships and increase sales 
  • make the most of selling online 
  • manage accounts and finances digitally 

The government says that all businesses will be able to benefit from free online advice on the platform. The voucher is expected to be available to UK business that: 

  • employ between 5 and 249 employees and are registered at Companies House 
  • have been trading for more than 12 months 
  • are purchasing the discounted software for the first time 

Full details on the businesses that will be eligible and software that will be available for the voucher will be published this autumn.  

“The UK can look back on a proud history of changing the world through innovation. From the industrial revolution to the vaccine development of the past year, the impact on our everyday lives is undeniable,” Business Secretary Kwasi Kwarteng said recently.  

“That spirit of discovery is still alive in this country today, but we have not always turned our genius for innovation into jobs and companies here in Britain. “The countries that secure leadership in such transformational technologies will lead the world, enjoying unrivalled growth, security and prosperity for decades to come – and it’s our job to ensure the UK keeps pace with the global innovation race.   

We work with growing businesses in all kinds of sectors and industries. If you’re in need of advice or support in this or any other area, we’re right here for all your needs. You can contact us for help from tax and payroll to accounting and banking.