Monday, October 07 15:56:47
The European Commission is piloting a scheme whereby Small and Medium Sized Enterprises (SMEs) can benefit from a grant worth up to E10,000 in order to increase their digital capacity.
The funding will be made available through "innovation vouchers" to ensure funding allocated to SMEs to enhance their e-commerce and ICT capacities is spent quickly and in full.
The vouchers worth up to E10,000 will be made available for purchasing and learning to make use of digital (ICT) services. Such ICT innovation voucher schemes are being piloted in the Spanish Regions of Murcia and Extremadura.
Web-connected small businesses across G-20 countries have 22pc higher revenue growth than those with low or no web-use. In Germany, 93pc of small and medium-sized businesses with an active web presence increased employment over three years, compared with only 50pc of those not online. Going online and using other digital technologies increases competitiveness, exports, and domestic market opportunities.
European Commission Vice-President Neelie Kroes said: "Small businesses using digital services grow twice as fast, export twice as much, and create twice as many new jobs. Everyone should benefit the way Murcia and Extremadura are benefiting in Spain."