New funding for SMEs to receive training on AI technology
As part of a new pilot, the government have made millions available in funding for SMEs to pay for skills-based training in AI technology.
The Department for Science, Innovation and Technology (DSIT) has announced a new funded pilot scheme to help small and medium-sized enterprises pay for AI-related skills training.
The government has made £6.4 million of grant funding available.
The pilot aims to encourage more businesses to adopt AI technology by empowering them with employer-led training.
Funding is available for the 2024-2025 financial year and can only be used for AI skills training, not for the purchase of new AI technology.
Eligibility and applications
To be eligible, your firm must:
- be registered and operate in the UK
- employ between 1 and 249 employees in the UK
- be defined as an SME by the SME Action Plan
- have been operating for at least one year
- be able to match-fund 50% of the cost of the training
- operate in the professional and business services sector (PBS) as defined by the Standard Industrial Classification (SIC) codes
Find out more and apply on the Find a Grant website
You can find more information about the application process by watching the walkthrough video.
The application window is open now and will close on 18 August 2024.
Join a webinar on 1 August to find out more about the fund
DSIT is hosting a free webinar on Thursday 1 August 2024 from 10am to 11am, which will:
- walk you through the application process of how to apply to the fund
- share examples of AI adoption in the sector
- give you an opportunity to ask questions about the fund