UK Launches £7.4M Flexible AI Upskilling Fund for SMEs in Professional Services

The UK government has launched the Flexible AI Upskilling Fund pilot scheme to support small and medium-sized enterprises (SMEs) in the Professional and Business Services sector by subsidizing the cost of AI skills training for their employees.

Key Details

  1. The £7.4 million pilot scheme, funded through the £37.5 million Labour Market Evaluations and Pilots fund, aims to build the evidence base on the effectiveness of policies to improve labor market outcomes.
  2. Eligible SMEs can apply for grant funding to cover up to 50% of the cost of AI skills training and upskilling activities
  3. The maximum grant funding available per applicant is:
  • Micro businesses (under 10 employees): £2,500
  • Small businesses (under 50 employees): £5,000
  • Medium businesses (under 250 employees): £10,000
  1. The training must focus on developing core AI skills like machine learning, natural language programming, data science, etc., to support AI adoption in the workplace.
  2. Training should start no earlier than the grant agreement signing (expected July 2024) and end by March 31, 2025.
  3. Training providers must be registered on the UK Register of Learning Providers or be an accredited organization.
  4. The application window has been extended until 11:59 PM on August 18, 2024.

Application Process

  • Check eligibility based on business size, sector, and other criteria outlined in the guidance.
  • Identify suitable AI skills training from eligible providers.
  • Complete the online grant application before the deadline.

The pilot aims to generate robust evidence on the effectiveness of such skills interventions, potentially through a randomized controlled trial approach for funding allocation.

At Baachu, we specialise in delivering cutting-edge AI training programs tailored to your business needs. Don’t miss out on this chance to future-proof your organization and gain a competitive edge. Reach out to us at hello@baachu.com, and let’s explore how our AI training solutions can empower your workforce while maximizing your grant funding. Unlock the power of AI for your business. Contact us today!

Citations:

https://find-government-grants.service.gov.uk/grants/flexible-ai-upskilling-fund-pilot-1

https://www.gov.uk/government/publications/flexible-ai-upskilling-fund

https://dma.org.uk/article/invest-in-your-business-with-the-governments-ai-upskilling-fund-pilot

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