- Tuesday, April 23, 2024
By: Radhakrishna N S
INNOVATIVE new projects in the UK are set to receive government investment to help businesses make better use of technology and modern management practices.
Fifteen unique projects – including digital dairy farming, AI chatbots and cloud computing trials – will benefit from £2 million from the Business Basics Fund, under the modern industrial strategy.
From this week small firms, academia and local authorities can apply for a share of the next round of funding.
Technology projects and pilots, such as digital dairy farming, artificial intelligence (AI) chatbots, and cloud computing technology, are among those that will be funded, small business minister Kelly Tolhurst confirmed today (29).
Cavendish Enterprise, London-based Enterprise Nation, Devon County Council, Locality, a London-based charity, and others are the some of the projects to receive funding for their innovations.
Tolhurst said: “Small businesses are the backbone of our economy and as part of our modern Industrial Strategy, we are supporting them with new investments to boost their productivity and ensure they can continue to thrive in the future.
“Today’s investment will support innovative projects that test how government and private sector companies can help small businesses adopt a range of technologies and management practices that save them time and make them more efficient.”
