Business Growth Services Aman Nirwal, Regional Manager [email protected] Mobile:
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Transcript of Business Growth Services Aman Nirwal, Regional Manager [email protected] Mobile:
Origins of GrowthAccelerator
Formally launched as GrowthAccelerator May 2012
Initially offered until 31 March 2015, now extended until 2017 as part of the Business Growth Service.
GrowthAccelerator is a national (England-wide) service that focuses on providing coaching, training and leadership development whilst developing growth communities to support ambitious businesses.
What is the Business Growth Service?
GrowthAccelerator, Manufacturing Advisory Service (MAS), Intellectual Property Audits and Design Mentoring will integrate to become the Business Growth Service.
The service will continue to provide tailored business support to small and medium sized firms with the ambition and potential to grow.
This service will bring growth businesses closer to existing Government services including:
- UK Trade & Investment- UK Export Finance- Innovate UK (formerly Technology Strategy Board)- Local Growth Hubs
Business Growth Service
Business Eligibility & Suitability
SMEs< 250 employees
Max balance sheet 43m Euro(includes group assets)
Any sector
Any age
Registered in England
Eligibility
Access to Finance
• Bespoke support through the finance raising process• Access to specialist finance coach to support investment readiness• Assistance with funding options including debt and/or equity funding• Introduction to appropriate funders • Access to GrowthAccelerator's Investor Relations team
Complemented by a series of up to three full day Finance specific Masterclasses
Funding Insights on GrowthAccelerator companies
Top 10 SectorsInformation Technology 18%
Retail 11%Business Services 10%
Manufacturing 7%
Food & Drink 5%Medical Devices 5%
Technology 5%
Recruitment 4%
Design 3%
Communications 3%
65%Equity
32%Debt
3%Grants
£766kAverage equity cheque
£374kAverage debt cheque
£262kAverage grant cheque
2.6Funding rounds closed per week
80% syndicate deals
84%16%
Business Development
• Business planning• Strategic planning• Marketing strategy• Organisational change• Improving performance and efficiencies• Recruitment and people management
Complemented by six ½ day workshops
Leadership & Management – all service streams
Up to £2k grant per eligible senior manager
• Self select training for business leaders to improve skills, knowledge & expertise,
• Match funding – company must contribute 50% towards the costs,• Statutory/operational training not eligible - must be focused on
improving leadership and management skills,• Training must be for senior management that are directly involved in
the strategic direction of the business.
Growth Impact Pilot
Could your leadership team benefit from training? Would extra funding help you achieve this?
The Growth Impact Pilot offers match-funding of up to £2,000 per eligible senior manager.
Available exclusively to businesses with a turnover between £250,000 to £2,000,000.
In addition, a selection of participants will be chosen to receive additional coaching support, where the cost of joining GrowthAccelerator will be waived.
Benefits to the business
• Double your management training budget
• Receive up to £2,000 per senior manager
• Improve management team capability
• Access additional business coaching
Participant Feedback so far
98% report that they are
on track to achieve the key milestones set out in their action plan
97% believe that
GrowthAccelerator has been 'important' in increasing their ability to achieve these milestones
Understanding of your business
Business experience
Technical Skills
Credibility
91.2%
94.2%
90.2%
95.3%
Participant Satisfaction with Coach Qualities
What is your investment?
Package of Support valued at £3,500 + VATIncludes coaching, GROWTHMapper, Leadership & Management, Workshops & Masterclasses and Growth Community
To access the service, you pay:£600 + £700 VAT 1-4 employees - you receive a subsidy of £2,900 £1500 + £700 VAT 5-49 employees - you receive a subsidy of £2,000£3000 + £700 VAT 50-249 employees- you receive a subsidy of £500
