What's Happening?
Elemental Concept, a London-based technology consultancy, has joined the SME Champion Scheme led by Applio Ventures. This initiative connects professional service firms with UK policymakers to influence the government's £150 million professional services
strategy. The scheme focuses on enhancing exports, facilitating SMEs' access to international markets, accelerating digital adoption, and expanding the UK's artificial intelligence talent pool. Elemental Concept, which operates in multiple countries including the US, aims to leverage its international experience to contribute to policy discussions. The company recently expanded by acquiring New Zealand consultancy Purple Shirt and launching operations in Germany.
Why It's Important?
The inclusion of Elemental Concept in the SME Champion Scheme underscores the importance of integrating international insights into UK policy-making, particularly in the professional services sector. This sector is a significant contributor to the UK's export economy, and the strategy aims to bolster digital skills and foster technology partnerships among SMEs. By participating, Elemental Concept can help bridge the gap between innovative SMEs and policy circles, potentially influencing policies that enhance the competitiveness of the UK's professional services on a global scale. This could lead to increased export opportunities and stronger international collaborations.
What's Next?
As Elemental Concept engages with the SME Champion Scheme, it is expected to participate in policy research and events, providing insights from its global operations. The UK government will likely continue to refine its professional services strategy, with a focus on digital capabilities and AI. The involvement of firms like Elemental Concept could lead to more tailored policies that address the needs of SMEs, potentially resulting in increased support for digital transformation and international market access. The outcomes of this engagement could influence future government initiatives aimed at strengthening the UK's position in the global professional services market.
