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UK Government's Flexible AI Upskilling Fund

May 14, 2024

Finance & Funding

The Department for Science, Innovation and Technology (DSIT) recently announced a £7.4 million pilot scheme to subsidise the cost of AI skills training for small and medium-sized enterprises (SMEs) in the Professional Business Services (PBS) sector. £6.4 million of grant funding is available.

Through this pilot programme, eligible businesses can apply for funding for up to 50% of the cost of AI skills training. This refers to training which supports employees to develop their technical skills and/or understanding of AI to be able to develop, deploy, or use AI in their role.

This pilot scheme is funded through the £37.5 million Labour Market Evaluations and Pilots fund, announced by the Chancellor at Spring Budget 2023 to continue to build the evidence base on the effectiveness of policies to improve labour market outcomes. Departments could bid for funding to carry out a variety of projects to either better understand the impact of recently implemented interventions on labour market outcomes, or to trial new and innovative policies.

Micro businesses can access £2.5k, small £5k. n.b. only available to very narrow SIC codes (Professional and Business Services sector).

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