Flexible AI Upskilling Fund pilot

The Flexible AI Upskilling Fund pilot scheme will support SMEs in the Professional and Business Services Sector by match-funding AI skills training for their employees.

From:
Department for Business and Trade and Department for Business, Energy & Industrial Strategy
Published
26 July 2024
Type of support:
Finance, Grant
Business stage:
Start-ups (1-2 years trading), Established
Industry:
Science and technology
Number of employees:
0 to 9 employees, 10 to 249 employees
Region:
East Midlands, Eastern, London, North East, North West, Northern Ireland, Scotland, South East, South West, Wales, West Midlands, Yorkshire and the Humber

Who it’s for

The funding competition is open to applicants who:

  • are registered and operate in the UK
  • employ between 1 and 249 employees in the UK
  • are defined as an SME per the BEIS SME Action Plan
  • have been operating for at least 1 year
  • are able to match-fund 50% of the cost of the training
  • operate in the Professional and Business Services (PBS) sector

What you can get

£6.4 million of grant funding is available, and eligible businesses have until 11:59pm on 18 August 2024 to apply for funding.

Applicants can bid for different funding amounts depending on the size of their business. There is no minimum requirement on the amount of funding an applicant can request.

Business size Headcount Turnover Balance sheet total Maximum grant funding available (per applicant)
Micro Under 10 Under €2 million Under €2 million £2,500
Small Under 50 Under €10 million Under €10 million £5,000
Medium Under 250 Under €50 million Under €43 million £10,000

Organiser

This scheme is coordinated and managed by the Department for Science, Innovation and Technology.

Find out more

Updates to this page

Published 26 July 2024
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