SMEs provide upwards of 60% of the employment opportunities in the UK. However, according to a recent survey carried out by the British Chambers of Commence they are poorly trained and underskilled compared with the corporate sector, consequently they underperform, don't deliver the revenues or profits and don't reach their true potential.
The UK Government has recognised the urgent need to upskill the UK worksforce to secure and ensure the future economic viability of the UK economy and minimise unemployment and is making vital investment in training and education.
SMEs constantly complain that there is no Government support ie financial support to help them survive the current economic downturn. This is not entirely true as the Government and the EU provide funding in many parts of the UK with the general exception of most of the South East. However, funds are available it may not be much but if used properly it can be very effective.
The Government through the Learning Skills Council and its TraintoGain organisation are funding "Leadership and Managment Development" through grants that contribute £1,000 with the businesses providing £500 in matched funding. This specific grant is available to all businessess with 4/5 employees upto 250 employees.
One of clients received verbal confirmation within 15 minutes of Business Link coming to see our client to review their requirements and eligibility. To fair they had taken advantage of our FREE half day business consultation during which we clearly identified what needs the client's business had.
So why are SMEs not beating down the door to grab this funding while its available? It's there! They paid their taxes! Its their money! Its a not brainer! Grap it Now!
If you want to know how New Mindset can support your business to reach its true potential either email andy.hamer@new-mindet.com or call 01276 537 282.
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