Jul 20, 2021

UK Government opens £375m scheme to drive investment in tech

Technology
UK
government
funding
2 min
A new £375m scheme to drive investment in the UK’s most high growth, innovative and R&D intensive firms opens today

Future Fund: Breakthrough, announced by the Chancellor of the Exchequer at Budget 2021, is now open for applications. This UK-wide programme will deliver £375 million of government funding via British Patient Capital, a commercial subsidiary of the British Business Bank.

The government funding scheme, will look to aid start-ups that accelerate deployment of breakthrough technologies, develop new medicines, and support the UK’s transition to a net-zero economy.

To be eligible, businesses must have commitments of 70% of an investment round from private investors with a track record of financing innovative companies - such as venture capitalists.

The scheme is separate and different from the now-closed Future Fund that provided convertible loans of up to £5 million to a wide variety of innovative UK companies, to address the funding challenges caused by Covid-19.

Business Secretary Kwasi Kwarteng said: “The support we have provided over the past year is not only helping firms to survive the pandemic, but also driving the growth and jobs of the future, making the UK a global innovation powerhouse.

“The original Future Fund was a tremendous success in helping cutting-edge firms to get the fuel in the engine they need to really motor forwards, and we are building on that with the fresh Future Fund: Breakthrough scheme.”

 

Supporting innovative companies


The government is supporting innovative companies through the Plan for Growth, which includes the Future Fund: Breakthrough, the forthcoming Innovation Strategy, and £14.9 billion of spending on research and development, the highest level for four decades.

The Chancellor of the Exchequer Rishi Sunak said: “Our Future Fund: Breakthrough scheme will enable innovative businesses in every corner of the UK to access the finance they need to scale up and bring their transformational technologies to market - all while creating high-skilled jobs and boosting the economy as part of our Plan for Jobs. 

“Technology and innovation will be at the heart of our future economy which is why we are investing billions in R&D to help cement our status as a world-leader in this field.”

In addition, Chancellor Rishi Sunak today announced that he will host a Treasury Connect tech conference in East London in September to bring together the CEOs and senior leaders of the UK’s biggest tech firms and investors.

 

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Aug 4, 2021

CoreFlex Solutions, Value-Based Transformational Outcomes

CoreFlexSolutions
TheTileShop
digitaltransformation
digitalsolutions
2 min
Leveraging CoreFlex Solutions, The Tile Shop is on its way to extracting maximum value from Salesforce and SAP

CoreFlex Solutions is focused on providing the right solutions that address the needs and values of clients in 5 key areas: Salesforce, Digital, Integration, Testing and Operations. From project initiation and early onset thinking to defining requirements and execution, CoreFlex delivers transformational outcomes and have been a trusted, valued partner for The Tile Shop in executing Salesforce and upgrading SAP.

“CoreFlex has been very helpful. They know Salesforce, and they've made it very stable. They've been able to make improvements. But they also happen to be a great SAP offshore partner for us, and they're helping us with our SAP upgrade with QA and so forth,” said Christopher Davis, Chief Information Officer at The Tile Shop.

“The nice thing about CoreFlex is I've worked with them multiple times, over many different companies, and their leadership knows what they do well, can tell you what they will do and do it. But they also have that great thing about a partnership where they'll tell you what they don't do. And so when I go to them, I always know what I'm going to get. I'm going to get transparency, clarity, and good quality. “ 

 

Salesforce Implementations

Although Salesforce is a flexible platform that offers powerful capabilities and can be quickly implemented to support a myriad of business and customer-facing functions, many go wrong in their implementations and fail to extract optimal outcomes. Holding over 80 person-years of Salesforce experience, CoreFlex can help customers who struggle with adoption rates and underutilize Salesforce to improve effectiveness by offering services such as health checks, validations, pilots and Proof of Concepts (POCs).

 

SAP Services

CoreFlex offers a comprehensive portfolio of SAP service offerings to help you maintain your competitive advantage in today’s highly competitive and dynamic markets.

CoreFlex holds expertise in Consumer Products, Logistics, Healthcare and Software Engineering domains.

Find out more about their full suite of services that span the complete lifecycle of SAP enterprise solutions.

 

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