Launched last January, Growth Vouchers are a government scheme for SMEs that allow you to get a contribution of up to £2000 for specified business development expenses. You can find the relevant government website here.
Now, the name is slightly misleading because it’s not a Voucher at all but rather a deduction from a future tax bill and also you need to pony up 50% of the expense for the professional advice upfront. But that said, if this is something you’re thinking of investing in anyway, this could be a good way of reducing the expense.
Growth Vouchers are aimed at SMEs registered in England who want to access strategic business advice in these areas:
– finance and cash flow
– recruiting and developing staff
– improving leadership and management skills
– marketing, attracting and keeping customers
– making the most of digital technology
And you would be wise to get a wiggle on because the trial of Growth Vouchers is set to expire at the end of April.
We’d be interested to hear from anyone who has successfully tapped into this government scheme to learn about their experience.