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An introduction to GrowthAccelerator. Document TitleVersion XDate Business secretary Vince Cable officially launched the £200m government-backed GrowthAccelerator.

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Presentation on theme: "An introduction to GrowthAccelerator. Document TitleVersion XDate Business secretary Vince Cable officially launched the £200m government-backed GrowthAccelerator."— Presentation transcript:

1 An introduction to GrowthAccelerator

2 Document TitleVersion XDate Business secretary Vince Cable officially launched the £200m government-backed GrowthAccelerator service on May 23 rd 2012. The aim To help up to 26,000 of England's brightest growing SME and start up businesses achieve their ambitions with rapid, sustainable growth. To deliver £2.8bn of growth and 55,000 high value jobs What is GrowthAccelerator?

3 Document TitleVersion XDate Coaching projects fall into one of three channels Types of Growth Coaching Projects Business Development Coaching Growth Through Innovation Access to Finance Funding for Leadership and Management Training related to the growth challenges of your business can compliment all of the above types of coaching project Networking and connectivity opportunities for the Growth Accelerator Alumni growth community

4 Document TitleVersion XDate Examples of coaching being delivered in live 1-2-1 projects include: Business Development Coaching Strategy Sales: Process and Management Contract Bidding Management Structure: Change and Implementation Marketing: Strategy Implementation and Channel Management Creation of Value Proposition Customer Service Process KPIs: Agreeing and Setting Analysis of Customer Base Recruitment Planning Exit PlanningChange Management

5 Document TitleVersion XDate Examples of coaching being delivered in live 1-2-1 projects include: Growth through Innovation Setting Innovation Goals Generating New Ideas Developing an Innovative Organisation Collaboration and Partnering for Innovation Creating Competitive Products and Services Understanding Unmet Customer Needs Finding and Winning Grants for Innovation

6 Document TitleVersion XDate We have a large experienced and independent pool of professional coaches Our Growth Coaches Coaches are selected in collaboration with you to match your unique business needs They offer a flexible and tailored approach Coaching typically takes place over a period of three to nine months, depending on the deliverables of your project They often provide sector expertise Coaches are paid by Growth Accelerator based on delivery and results

7 Document TitleVersion XDate The Growth Assessment Initial telephone discussion – is the scheme right for your business? Completion of interactive assessment tool GROWTHmapper Small amount of financial information is collected by Growth Manager Face to face meeting with Growth Manager to discuss the GROWTHmapper results and agree the core themes of the Growth Coaching Project Scope of Support document drafted (specifying the growth coaching project) contracts are signed, the growth coach is introduced and work commences The Growth Manager is your dedicated point of contact throughout Understanding Your Growth Aspirations and Challenges

8 Document TitleVersion XDate Aimed at MDs who want to double their business in 3 years SMEs only - fewer than 250 employees, less than £40m turnover Registered in the UK and England Any sector Growth Accelerators pays the coach, based on delivery and client satisfaction Eligibility and cost

9 Document TitleVersion XDate Leicestershire County Analysis Top ten sectorsPercentage Manufacturing9.6% Business services8.3% IT6.4% Consulting3.8% Construction3.8% Retail3.8% Building Control3.2% Training2.5% Healthcare2.5% Automotive2.5% GrowthAccelerator – Leicestershire County

10 Document TitleVersion XDate GrowthAccelerator – Leicestershire County Leicestershire County Analysis

11 Document TitleVersion XDate Second Year Survey Results (choose relevant stats) 91% of businesses were satisfied with the quality of their Growth Manager 94% of businesses were satisfied with the quality of their coaches Satisfaction with the team Positive impact 74% of businesses said that as a direct result of support, they have or they expect to increase the number of people employed 81% of respondents said that as a direct result of support, they have or they expect to increase the turnover of their business 77% of respondents 'agreed' that GrowthAccelerator has provided them with something that they could not have got from any other source Highly recommended 97% of businesses would recommend GrowthAccelerator to others 97% of stakeholders would recommend GrowthAccelerator to others

12 Document TitleVersion XDate Growth Accelerator – Supporting the growth of your business It’s a bespoke service, focussed on the specific needs of your business It is delivered by private sector growth experts – Grant Thornton, Winning Pitch, Pera, Oxford Innovation and backed by Government It is outcomes-focussed – the coach only gets paid on results

13 Mark Taft 07867 352596 mark.taft@growthaccelerator.com www.growthaccelerator.com


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