A new package of support to help small businesses fund and accelerate new ideas is being rolled out by the UK’s innovation agency, the Technology Strategy Board, as part of the Government’s small business statement published on Small Business Saturday.
Welcoming the Government’s Small Business: GREAT Ambition, Technology Strategy Board chief executive Iain Gray announced that the organisation would significantly increase its help to SMEs. New measures include:
Gray added: “Small businesses play a crucial role in developing new products and ideas to market, but we have to be realistic that it can be expensive and challenging. We have a proven track record of helping SMEs and we’re determined to do more, both in terms of funding and the overall package of support we provide.
“The Smart grants programme is a real winner with every £1 invested returning £9 to the UK economy. It is very good news that we see commitment towards Smart strengthening to further meet the huge demand out there for this exceptionally popular grant programme.
“Establishing more launchpads, extending Venturefest events across the country and helping businesses take advantage of EU Horizon funding are just some of the ways we can make a difference to help small businesses grow through supporting innovation.”
The Technology Strategy Board’s improved package of support also includes:
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