School of Business awarded Government funding to help microbusinesses use tech to grow

Posted by als26 at Oct 30, 2019 08:08 AM |
Universities have been awarded funding to support 50 microbusinesses to engage with technology to boost their productivity.

The School of Business and Leicester Castle Business School at De Montfort University Leicester are part of a consortium of business schools accredited by the Small Business Charter for their expertise in supporting small businesses and entrepreneurs who will deliver the programme.

The Leading to Grow Programme will be offered at no cost to microbusinesses across England.

Businesses that employ up to nine people will be able to apply to take part in workshops around how to utilise existing technologies to improve efficiency and profitability.

The funding has been made available through the government's £9m Business Basics Programme run by the Department of Business, Energy and Industrial Strategy (BEIS) and Innovate UK.

Due to the small size and the dispersed nature of microbusinesses, they have not routinely received planned interventions by government agencies. The government is now targeting this type of business due to their potential and readiness to scale-up, and this is the first time that such a programme has been coordinated across the country.

With so many areas being covered it is hoped that this free programme will help a large number of microbusinesses and support economic growth in a number of regions.

The UK's 1.1 million microbusinesses employ over 4 million people and contribute £533bn to the UK economy. The business schools, the Small Business Charter and the government hope to make a real impact on this important part of the economy.

Professor Paul Baines, Associate Dean for Business and Civic Engagement at the School of Business said:

"Microbusinesses represent 82% of all employing businesses and employ 4.1m people nationally, so an improvement in productivity in this sector will have a very positive impact on the fortunes of UKPLC at this critical time. We are delighted to work with microbusinesses in the East Midlands to improve their productivity."

Professor David Rae, Director of Leicester Castle Business School's Centre for Enterprise and Innovation, said:

"The Leading to Grow programme will help microfirms in Leicester and across the East Midlands region to improve their competitiveness and resilience through applying new technologies. We look forward to working with local businesses and partners to achieve this."

Anne Kiem, Executive Director of the Small Business Charter and Chief Executive of the Chartered Association of Business Schools, said:

"We are excited to be working with business schools to help improve the productivity of a range of microbusinesses. The pace of technological advances means that today's small firms who embrace innovation will be tomorrow's success stories."

-ENDS-

Notes to Editors

1. Press contacts

Professor Paul Baines, Associate Dean, Business and Civic Engagement, University of Leicester School of Business

Tel: 0116 252 2041

Email: paul.baines@leicester.ac.uk

Professor David Rae. Director of Leicester Castle Business School's Centre for Enterprise and Innovation, De Montfort University Leicester

Tel: 0116 257 7911

Email: david.rae@dmu.ac.uk

Barney Roe, Director of Communications and External Relations, Small Business Charter - Chartered Association of Business Schools

Tel: 020 7634 9589

Email: barney.roe@charteredabs.org

2. The University of Leicester School of Business

The University of Leicester School of business is a global academy for leaders, innovators and change-makers. Building on over 90 years of delivering business education, we are internationally renowned for our courses in accounting and finance, management, marketing and economics. We work with organisations of all forms and sizes whether offering HR advice to a social enterprise start-up, providing training to nationally established companies or advising international governments on fiscal policy. The School has been a proud owner of the Small Business Charter award since 2014.

3. Small Business Charter

The Small Business Charter grew out of Lord Young's report 'Growing Your Business', with the aim of bringing business schools, business and entrepreneurs together to deliver support for small businesses and drive local economic growth. The award is a nationally recognised kitemark and we facilitate valuable knowledge sharing networks to ensure the value of the business school knowledge, management expertise, and enterprise education offered by our business schools is maximised and utilised.

The SBC website acts as a hub connecting small businesses with business advice and support provided by the 33 business schools which have achieved the award.

For more information about the SBC: smallbusinesscharter.org

4. About the Chartered Association of Business Schools

The Chartered Association of Business Schools is the voice of the UK's business and management education sector. We support our members to maintain world-class standards of teaching and research, and help shape policy and create opportunities through dialogue with business and government.

For more information about the Chartered ABS: charteredabs.org

5. Figures from Business Population Estimates 2018, BEIS.

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