Small business scheme scrapped

Small business digital support scheme scrapped Business Secretary Grant Shapps has scrapped an initiative offering SMEs funding, advice and guidance on approved software solutions following a “lower than expected” take up. He said the Government “cannot justify the continued cost” of the Help to Grow: Digital programme, a scheme offering a discount of 50% or £5,000 on software purchases for smaller firms that were looking to boost their digital capabilities. The programme was launched in March 2021. Federation for Small Businesses chair Tina McKenzie commented: “Although uptake is low, firms should be given the time to reap the benefits instead of having it snatched away during a time of economic crisis.” Motorsport businesses are heavy users of technology and the loss of a digital support scheme will adversely affect many motorsport businesses.

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