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Business Growth Services Aman Nirwal, Regional Manager Mobile:

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Presentation on theme: "Business Growth Services Aman Nirwal, Regional Manager Mobile:"— Presentation transcript:

1 Business Growth Services Aman Nirwal, Regional Manager aman.k.nirwal@uk.gt.com Mobile:

2 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.

3 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

4 Business Eligibility & Suitability SMEs < 250 employees Max balance sheet 43m Euro (includes group assets) Any sector Any age Registered in England Eligibility

5 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

6 Funding Insights on GrowthAccelerator companies Top 10 Sectors Information Technology18% Retail11% Business Services 10% Manufacturing 7% Food & Drink5% Medical Devices 5% Technology 5% Recruitment4% Design3% Communications3% 65% Equity 32% Debt 3% Grants £766 k Average equity cheque £374 k Average debt cheque £262 k Average grant cheque 2.6 Funding rounds closed per week 80% syndicate deals 84% 16%

7 Business Development Business planning Strategic planning Marketing strategy Organisational change Improving performance and efficiencies Recruitment and people management Complemented by six ½ day workshops

8 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.

9 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

10 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

11 What is your investment? Package of Support valued at £3,500 + VAT Includes 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

12 Q&A Aman Nirwal Regional Manager Business Growth Service aman.k.nirwal@uk.gt.com 07825027879


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