Author: Paul Henriques in: Business Solutions
You are actively looking to modernize your shop. You can see the strains of productivity and you have read about how many digital tools and software apps are out there to help you ease some of these growing pains. Things like:
Your problem is that you can’t seem to get the funding you need to implement a project. With so many software apps to get, it is starting to seem expensive to purchase and expensive to implement.
You heard about a competitor getting a nice check from your government to modernize and automate but by the time you got a consultant on staff to look into getting you something similar “the submission period is closed”. You’ve talked to banks but the business loans they are suggesting have exorbitant interest rates that you are not willing to pay. Plus, both the government grants and the private banks require a mountain of forms and data for you to qualify. Data you don’t know how to get.
The good news here is that governments across the world have been made aware of the difficulties that the manufacturing sector is facing. And with renewed interest in bolstering national manufacturing output as a percentage of GDP (for example, the EU that wants to see member states generate 20% of the national GDP from manufacturing by 2035), those same governments are offering consultants, grants, and zero percent interest loans to help you get the tools you need and will pay you to implement them quickly and effectively.
This fiscal boost can help pay for some or all of your implementation costs, which for most technology is one of the biggest barriers to entry.
In previous decades, the only way to find out about and acquire government provided funds was through costly consultants and the slow gears of bureaucracy, with questionable forms and forgetful public agents.
Another benefit of the digital revolution has been those governments that have been proactive in digitizing their information. Through them, you can read about available proposals. Then, fill out a form and you are ready to start the process that nets you the funds you need to ensure you are improving your firm and, by extension, your local and national economy.
A quick google search can net you a large number of actionable links for your country and region. For example:
Most of the information that you need for these grant requests should be within your current financial data. There are also many companies that can help you find the fiscal and process data the grants need to ensure your application is successful and your funding is received.
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Our efforts began as an internal project of Mancor Industries when we identified the need for a more cohesive ERP system to manage the complexity of multiple plants, multiple products, multiple customers and multiple functions.
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