Small businesses could get up to £2,000 under government initiative

The UK’s smallest businesses could get up to £2,000 to spend on professional business advice under a government initiative delivered by small business network Enterprise Nation.

The Growth Voucher project, which is being jointly run with the Department of Business Innovation and Skills (BIS), the Cabinet Office and other organisations, will see up to 15,000 small businesses receive up to £2,000 from the government in order to seek advice across five key areas: sales and marketing; management and leadership; access to finance; employment relations; and making the most of digital technologies.

The Growth Voucher scheme has built in safeguards to ensure the advice and support small enterprises gain from the project comes from professional institutions such as, ACCA Accountant (Association of Chartered Certified Accountants) and Chartered Institute of Personnel and Development (CIPD)

This means a small business trusted business advisor under the scheme will meet the highest global standards. There is a misconception that accountants simply handle the books within a business. However, they also provide services covering both legal and planning elements to help a business, such as tax compliance and planning advice; recordkeeping and reporting; forecasting and looking for the right type and mix of finance; and employment and payroll support.

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