A fund aimed at helping businesses adopt digital technologies has received an additional £25 million backing from the Scottish Government.
The DigitalBoost Fund, jointly led by Business Gateway and the Scottish Government, launched in January this year. The fund offers small to medium-sized businesses grants worth up to £25,000.
So far, DigitalBoost has already helped more than 2,200 businesses across Scotland to invest in hardware, business management software, e-commerce and data analytics.
In a statement today, the Scottish Government said the additional investment will allow businesses to adopt the tech and skills needed to increase their competitiveness, productivity and resilience.
Economy Secretary Kate Forbes said: “The Covid-19 pandemic has demonstrated just how important digital technologies are for businesses. I am delighted that so many businesses have adapted to working with new technology and innovated how they work at great pace.
“This additional £25 million investment in the DigitalBoost Fund will support even more businesses to invest in their digital capacity.”
Forbes added: “This 100-day Scottish Government commitment reinforces our determination to support businesses to improve their digital skills and technologies to ensure they can help drive forward our economic recovery and support net-zero.”
Councillor Steven Heddle, Chair of Business Gateway and COSLA spokesperson for the Environment and Economy commented: “Scottish local government is again delighted to welcome the DigitalBoost Development Grant Scheme.
“Together with the existing free expert advice and online support from both DigitalBoost and the wider Business Gateway service, available across Scotland as part of the business support councils provide locally, this grant will help Scottish businesses strengthen, advance and rebuild their platforms, processes, systems and people to help local economies thrive.”
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The DigitalBoost fund has been a lifeline for businesses across Scotland during the coronavirus pandemic.
James Fleming, Managing Director of The Power Within Training, which was awarded funding in January, said: “The support we received through the Business Gateway DigitalBoost programme has been essential for the growth of our business during the pandemic.
“Our operations during this time were significantly impacted because of lockdown, with 97% of our revenue disappearing almost overnight. The grant helped us build a new virtual training platform, with an inbuilt CRM system and an e-commerce system.”
Fleming added: “The funding has accelerated our growth and ensured we have built greater resilience into our business operations. We are very excited about the future now that we have improved our digital offering.”