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<p>A £9 million Business Basics Programme was announced in the Industrial Strategy,
to test innovative ways of encouraging SMEs to take up the proven technology and business
practices that can boost productivity. I announced in the recent Government Response
to the Call for Evidence on Creating a Responsible Payment Culture that, as part of
that Programme, we will launch a Business Basics fund competition up to £1 million.
This will provide funding to trial how to get businesses to take up proven technology
and business practices, including a focus on payment technology.</p><p> </p><p>Government
has worked closely with trade bodies and businesses to develop this. Mike Cherry,
FSB National Chairman, said of the recent announcement: “Small businesses will be
delighted with today’s announcement” and “the measures today could finally see an
end to poor payment practice. Changing our business culture will boost the small business
community, productivity and growth.”</p><p> </p>
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