Background to Business Basics
The government’s Industrial Strategy set out our aim to create an economy that boosts productivity and earning power throughout the UK.
The purpose of the Business Basics Programme is to identify and test the most effective, scalable interventions which encourage SMEs to adopt existing technology and management practices that drive productivity improvements.
The objectives of the Business Basics Fund are to:
1. Raise the productivity of small to medium-sized enterprises (SMEs) by:
- identifying and testing the most effective, scalable interventions which encourage SMEs to adopt productivity boosting existing technology and modern business practices
- testing which interventions have the most impact on SME productivity
2. Drive innovation by:
- sourcing new ideas from traditional and non-traditional sources
- taking a dynamic, experimental approach in order to learn and develop as the project develops
- supporting new initiatives and leaving a legacy of quality data and evaluation to inform future research
3. Enable better investment decisions at a local and national level by:
- providing a new, robust evidence base for those interventions which are the most effective in raising productivity
- taking an inclusive approach such as by involving SMEs from different areas and different sectors, and focusing on the transferability and scalability of interventions
The programme is funded by the Department for Business, Energy and Industrial Strategy (BEIS). The fund is administered by Innovate UK on behalf of BEIS.
The Business Support Evaluation Framework sets out the quality standards that are expected for impact evaluations of BEIS-funded business support programmes. The framework will also enable comparison of the effectiveness of different policies and programmes. It is designed to assist policymakers, evaluators and delivery bodies in generating robust evidence of what works, so BEIS can make better informed decisions of current and future policies.
You do not have to have an evaluation partner in place at this EoI stage but is recommended. If you do not have a partner when invited to the full-stage competition, IGL may be able to help you find a suitable partner. We will provide further details will be if you are invited to the full-stage competition.
Scope and evaluation webinar
We will run a webinar covering the scope of the competition evaluation requirements and how to apply on 29 October.
A live briefing event is listed in the dates tab of this competition brief. There you can learn more about the scope of Business Basics, meet potential partners, ask the BEIS team questions and understand the competition process.
Further sources of guidance and information
For background and guidance, including details of projects funded under previous rounds, see the Business Basics programme page on GOV.UK.
On the 19 June, the UK government announced its response to Creating a responsible payment culture: a call for evidence on tackling late payments, setting out measures for tackling late payments including Business Basics funding of up to £1 million, to encourage businesses to use technology to simplify invoicing, payment, credit management and so on.
For more information about submitting your application, email us at firstname.lastname@example.org or call the competition helpline on 0300 321 4357 between 9am and 5:30pm, Monday to Friday.