Notion Capital Fund may benefit IT contractors

Yet more positive news for IT contractors, as it has been revealed that due to a new private sector funding, firms specialising in cloud computing and software-as-a-service (SaaS) are creating more job opportunities.

The government has launched the UK’s eleventh and largest Enterprise Capital Fund – Notion Capital, with up to £62.9 million being invested into the project.

The latest job opportunities made available to IT specialists, including contractors, have been very much welcomed by Government Ministers, who have stated that it has all been made possible due to the generous commitments from the government, private investors and the European Investment Fund.

Mark Prisk, the Business and Enterprise Minister, said, “It is absolutely vital that ambitious small firms can access the finance they need to expand and grow, and this new Enterprise Capital Fund will provide at least £40 million of funding to viable UK high-tech businesses.

“Notion Capital is the largest Enterprise Capital Fund to date and will help a significant number of firms to grow and create jobs, boosting our economy.”

Earlier this month, the information technology research and advisory company Gartner, released a report advising those working in the IT field to keep their skills updated by becoming more involved in cloud computing.

Gartner has said that cloud computing is on the rise across the world and is thought to accelerate over the next three to five years; therefore IT contractors must embrace the cloud to ‘stay in the game’.  With all this money currently being invested in this type of computing, it may be worth taking this advice onboard.

Please visit our Contractor News page for all other news. To discuss this story further visit our SJD Accountancy Blog.