Businesses will benefit from a £56 million funding boost to drive up productivity across the UK economy, Business Minister Kelly Tolhurst announced on 5 November 2019.
The funding, announced at Budget 2018, supports the findings of a joint report by the Department for Business, Energy and Industrial Strategy (BEIS) and HM Treasury, published today, which sets out ten key actions that will support businesses to become more productive. It finds that businesses of all sizes that embrace the best leadership and management models and techniques, as well as adopting tried-and-tested technologies, are more profitable, productive and are better to work for.
Small Business Minister Kelly Tolhurst said:
We are determined to make the UK the best place to work and start a business – and boosting productivity is key to that. As a former small business owner, I know how important it is to harness technology to make your business more productive and our review sets out crucial actions that businesses can take to boost their own productivity.
This £56 million of government funding will help businesses of all sizes seize the opportunities of scaling up in new markets when we leave the EU.
Further information including the full review can be found at: https://www.gov.uk/government/news/56-million-to-boost-business-productivity
