Digital Growth Grant
Closing Date: –
Funding is being made available to help tackle challenges facing UK small tech firms and grow regional support networks to level up investment and innovations around the country.
The proposed Digital Growth Grant is intended to boost the growth of innovative tech start-ups and scale-ups across the UK. It will focus on opening up access to skills training and advice, and providing support services to the digital and tech sector.
Improving regional support networks for new and expanding businesses is a key focus for the funding, which the Government believes will help spread the benefits of the UK’s tech industry.
The programme objectives will be based around:
- Delivering support services to the digital sector, particularly in transformative/emerging technologies. These services should address key challenges faced by a range of companies from seed stage to series A/B, their first or second round of financing.
- Developing the growth of regional support networks for tech start-ups and scale ups. Activities should deliver concrete improvements against three or more areas identified in DCMS Regional Ecosystems Report: Investment, Skills, Innovation, Infrastructure and Business Growth/GVA. Interventions should be tailored to local needs and tech specialisms, and developed in partnership with local bodies.
- Ensure founders and firms can access digital entrepreneurship and investment readiness training, with tailored advice to help develop their skills to start and grow a tech business. Clearly signpost start-ups and scale-ups to the digital skills initiatives in private and the public sector (DCMS’ local digital skills partnerships) and share information on the types of roles available in tech companies, the skills required to access these roles, and direction to low/no cost skills provision to acquire those skills.
- Promoting and raising awareness of the strength and competitiveness of the UK tech sector with the aim of boosting investor confidence and inspiring the next generation of tech workers and entrepreneurs.
Bids will be invited to address identified market failures and accelerate the growth of tech start-up and scale-up ecosystems across the regions and nations of the UK.
|Funding body||Department for Digital, Culture, Media and Sport (DCMS)|
|Category||Transport, Infrastructure & Communications (ICT)
|Fund or call||Fund|