Date: 16th May 2018
The sky’s the limit for businesses who invest in digital technology with up to £10,000 of technology funding up for grabs for Yorkshire businesses.
Digital Enterprise has recently launched phase three of its hugely successful Digital Growth Voucher scheme and businesses in the Leeds city region are being urged to take advantage of up to £10,000 of funding to invest in new digital technology, before the window for applications closes next month.
The Digital Growth Vouchers scheme for SMEs provides funding of between £2,000 and £10,000 towards new IT hardware and software, or to upgrade broadband connectivity. Available to firms that employ between two and 250 people, with a turnover of no more than £43m, Digital Growth Vouchers can be used to fund at least 50 per cent of the cost of new technology.
Since the launch of phase three of the scheme over 90 businesses have so far applied for a Digital Growth Voucher and businesses have until 15 June to apply for funding. With a maximum of 130 vouchers available in this round of funding, interested businesses are being urged to apply now before it is too late.
“Cutting edge digital technology can have a significant impact on the success of a business and is a vital catalyst for business growth” says Digital Enterprise programme manager, Muz Mumtaz. “A small investment can lead to a raft of improvements such as cost and time savings, better customer service, and the opportunity to expand on the products or services you offer. It also provides the opportunity to be one step ahead of your competition.”
He added: “It’s great news for the Leeds city region that we have been able to reopen the Digital Growth Voucher scheme. It has proven to be incredibly popular with smaller businesses who are often unable to invest in transformational digital technology under their own steam.
“Our scheme can provide significant funding for businesses and applying is quick and easy to do. We have a limited number of vouchers available and I would urge businesses who are interested in taking advantage of the scheme to apply now before it is too late.”
Since its launch in October 2016, Digital Enterprise has agreed funding with over 450 businesses in the Leeds city region, providing more than £1.7m for digital projects. The investment is set to deliver a £5m boost to the regional economy and generate more than 1,200 jobs.
To be eligible for Digital Growth Voucher funding, you must trade in a business-to-business environment, rather than direct to consumers, employ between two and 250 people and generate less than €50m (approximately £43m) turnover. You must also be based in one of the nine Leeds city region areas of Leeds, Bradford, York, Wakefield, Harrogate, Calderdale, Selby and Craven.
When we evaluate applications, businesses that demonstrate a greater need for upgraded digital technology or the biggest potential for growth, will be given priority. You can check your eligibility for the new Digital Growth Vouchers here
Also, we still have a few Connectivity Vouchers available – so if you are a small business looking to improve your digital connection, we may be able to offer a voucher worth £1,000 to help you upgrade – check out our Connectivity Voucher page here which has a short video which explains the scheme and how to apply.