Fifty microbusinesses across England are in line for a boost in productivity, following the news that Sheffield Hallam University’s business school has been awarded funding to support their engagement with technology.
The Leading to Grow programme will be offered at zero cost, giving businesses employing up to nine people access to workshops on how to utilise existing technologies improving efficiency and profitability.
“This funding will enable us to target some of our expertise and knowledge to support microbusinesses and entrepreneurs in our region to help drive future economies,” said Dr Eileen McAuliffe, dean of Sheffield Business School.
Their size and dispersed nature have meant that microbusinesses have not routinely received planned interventions by government agencies. Now, thanks to the Business Basics Programme – run by the Department of Business, Energy and Industrial Strategy (BEIS) and Innovate UK – a £9m initiative will be coordinated across the country.
It is hoped that the programme will boost economic growth in a number of regions; the UK’s 1.1 million microbusinesses already employ more 4 million people and contribute £533bn to UK GDP.