The Business Basics Fund

15 projects from around the UK have won a share of the £2 million Business Basics Fund – part of our modern Industrial Strategy to support small businesses and boost their profitability.

 Key facts:
  • The first round of funding from the Business Basics Fund will help businesses make better use of technology and modern management practices to save them time and make them more efficient. 
  • Technology projects and pilots across the country – including digital dairy farming, artificial intelligence (AI) chatbots and cloud computing technology – are among those to benefit from the new fund. 
  • From this week small firms, academia and local authorities can now apply for a share of the next £2 million wave of funding to help them become more profitable. 

Why this matters:

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.

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