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Help To Grow: Digital - how the scheme can help your business

Everything you need to know about the government’s Help To Grow: Digital scheme.

3 min read

Following the pandemic, business owners are working harder than ever to bounce back, finding new ways to survive and maintain any success. The government has launched a number of initiatives to boost and sustain this growth, including the aptly named Help To Grow: Digital.

The initiative, aimed at small-to-medium enterprises, offers free and impartial advice to business owners, with a focus on how technology can boost business.

Chancellor Rishi Sunak has spent months championing and encouraging small business owners to sign up for Help To Grow. But for those still confused about what this scheme actually entails, we’ve broken it down and explained what it means, what it gives you, and if there’s anything you need to be aware of.

What is Help To Grow: Digital?

It’s a government initiative that aims to support and nurture small business owners. It offers one-to-one mentoring, peer learning sessions, and access to a network of experienced small business owners.

Entrepreneurs who take part can save up to 50% on any software approved by the Help To Grow scheme. Discount vouchers worth up to £5,000 can be used on software that helps businesses:

  • build customer relationships and increase sales

  • make the most of selling online

  • manage accounts and finances digitally 

The cost of the scheme is 90% subsidised by the government, which means it costs just £750 for the entire package available to business owners.

The three-year scheme will open up in phases, each offering a new opportunity to discover and deploy new technologies.

Who is Help To Grow: Digital for?

Businesses can apply for the Help To Grow: Digital initiative if they:

  • have between five and 249 employees

  • have been trading for more than 12 months 

  • are buying the discounted software for the first time

The Help To Grow: Digital scheme is also open to software suppliers that may be interested in offering small business owners their services. To qualify, they must: 

  • have been trading for at least 12 months

  •  be GDPR compliant

  • have an existing UK small business customer base

  • be able to demonstrate effective cyber security practices

How will Help To Grow: Digital help small business owners?

On top of the usual challenges, small business owners faced all sorts of extra hurdles during COVID-19. But during lockdown, a lot of people discovered the joys of shopping closer to home, and now more than half of UK consumers have committed to making a conscious effort to shop with local and independent businesses.

Companies that used technology to navigate through the lockdown restrictions grew up to eight times faster than those that ignored the tech available.

Small businesses need to be prepared for whatever life throws at them. Taking advantage of the available resources, software, and mentoring to overcome these challenges can only be a good thing.

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Applying for Help To Grow: Digital

To apply for the Help To Grow: Digital initiative, you’ll need to enter your Companies House registration number into the Help To Grow portal. Once you’ve done this you’ll start receiving the relevant information with each wave of the scheme.

Feel you’re better informed about the Help To Grow scheme? The QuickBooks blog covers a wide range of business-related topics – it’s all part of our mission to help small businesses grow.

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