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If you’re an SME in Leeds looking to stay ahead of the curve, you’ll no doubt be interested in the launch of new funding designed to give businesses in the city ‘growth vouchers’ so they can invest in digital technology to improve their business performance and achieve growth.
Called Digital Enterprise and developed by the Leeds City Region Enterprise Partnership, the scheme is similar to the government’s Connection Vouchers Scheme which closed in 2015.
The Digital Enterprise scheme will offer small and medium-sized businesses based in Leeds financial support in the form of Digital Growth Vouchers of up to £5,000 to help them invest in digital tech and reap the many benefits that it will bring. Firms will also benefit from funded workshops and mentoring on digital marketing, social media and other relevant topics.
The growth vouchers will range from £1,000 to a maximum of £5,000, representing up to 40 per cent of the total investment
Following their investment, the voucher will be refunded to businesses on the scheme
From spring this year the programme will also offer eligible firms a wider range of digital support, including advice sessions, web and social media reviews and masterclasses on relevant topics, all aimed at increasing firms’ digital capability
As for eligibility criteria, there is no news as yet. Keep an eye on the scheme’s website - it’s currently in development but will be fully launched by the end of this month and will feature an eligibility checker.
One such example of how local enterprise partnership funding for new technology can help a firm grow is that of Leeds-based printers Imageco, who invested £294,000 in a state of the art flat-bed printer, thanks in part to £28,400 towards the investment.
“Investing in the latest technology is essential to stay ahead of the game,” said Nathan Swinson Bullough, the firm’s co-owner Simon Harrison.