Help to Grow Schemes
(asked on 6th July 2022) - View Source
Question to the Department for Business, Energy and Industrial Strategy:
To ask Her Majesty's Government what plans they have to introduce a Help to Grow Scheme for the third sector.
Answered by
Lord Callanan
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 20th July 2022
Studies show that improving the performance of UK SMEs to match competitor countries such as Germany, could add up to £100 billion to the economy. Help to Grow aims to close that gap by specifically targeting SMEs who will benefit in a way that impacts growth potential and productivity. There are currently no plans to introduce a Help to Grow scheme for the third sector. Businesses applying to either Help to Grow schemes (management and digital) must:
- Be registered in the UK;
- Have between 5-249 employees;
- Have been operating for at least twelve months; and
- Not be a charity.