Is your business eligible for Help to Grow Digital?

Matthew Keane, Manager at Thomas Westcott Chartered Accountants, outlines a new scheme – Help to Grow Digital – which could help SMEs expand using digital platforms.

The Government has recently announced an initiative ‘Help to Grow Digital’. The scheme will help small and medium-sized businesses to grow, using digital platforms to assist in the management of businesses.

Breaking down barriers

This assistance comes as a positive step. Not only does it show that the Government recognises the potential for digital technology to benefit businesses, but it also makes this technology more accessible to businesses of all sizes. The initiative removes the cost of investing in new technology, which is a barrier for a lot of smaller businesses.

How does Help to Grow Digital work?

Under the scheme, eligible businesses can now receive discounts of up to £5,000 off the retail price of approved digital accounting and CRM software from leading technology suppliers. This software will help businesses to effectively manage their finances and build customer relationships, ultimately levelling up the way businesses are run and helping them to scale up.

Is my business eligible?

To be eligible for Help to Grow Digital, a business must:

  • Be based in the UK and registered with Companies House or be a registered society on the Financial Conduct Authorities Mutuals Register.
  • Employ between five and 249 people.
  • Have been actively trading for over 12 months and have an incorporation date of at least 365 days prior to application.
  • Be purchasing the approved software for the first time.

The Government has initially launched partnerships with the following providers:

CRM:

  • Capsule CRM
  • Zymplify
  • Livepoint Software Solutions Ltd
  • Gold-Vision CRM
  • Deskpro Ltd

Digital Accounting Software:

  • Sage Business Cloud
  • QuickBooks Online
  • Crunch

This could be a great opportunity for many of Thomas Westcott’s SME clients. Growing numbers of businesses are experiencing the benefits of moving to cloud-based, digital systems and Help to Grow Digital could make this technology accessible to many more.

Matthew Keane is a Manager at Thomas Westcott and an ACCA qualified accountant. Based in the firm’s Plymouth office, he advises a diverse mix of clients, from charities to corporates, partnerships and sole traders. He has helped many clients on their digital journey.

For more information about the scheme or to discuss how your business could benefit from the use of digital accounting tools please call your local Thomas Westcott office or email digital@thomaswestcott.co.uk

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