Following the success of the first round of of funding from the Business Basics Fund, a second competition has been launched.

A total of 15 projects from all parts of the UK have won a share of £2 million in the first round of funding from the Business Basics Fund.

A second competition has now launched by BEIS under the Business Basics fund, with a further £2 million of funding to test innovative ways of encouraging SMEs to adopt productivity-boosting technologies and management practices.

As before there is funding available for up to £400K for trials and up to £60K on proof of concepts.