Statement
My Right Honourable friend the Secretary of State for Business, Energy and Industrial Strategy has today made the following statement:
This statement concerns the Government’s decision to close the Help to Grow: Digital programme. Help to Grow: Digital will close to new business applications for discounts on 2 February 2023. Discounts issued for eligible software must be redeemed within 30 days from issue date.
The scheme has supported businesses to grow, but with take-up lower than expected, the Government cannot justify the continued cost of the schemes to the taxpayer. The decision has been taken to refocus efforts towards other support mechanisms for small businesses, ensuring businesses get the backing they need in the most efficient and productive way possible. The Help to Grow: Management scheme remains in place.
The Government continues to support small businesses, such as through the Government-backed British Business Bank’s Start Up Loans, which are available to help aspiring entrepreneurs start and grow their businesses. The Government has taken action to protect all eligible UK businesses, including small businesses, from rising energy costs through the Energy Bill Relief Scheme.
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This statement has also been made in the House of Commons