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Analysis reveals Oxfordshire’s high-growth sectors
Analysis of businesses from across Oxfordshire who have worked with GrowthAccelerator, a national business advice service aimed at facilitating growth, finds that Oxfordshire- based businesses with high-growth potential are typically within these five top sectors: business services, IT, healthcare, built environment (building, architecture, surveying, planning etc) and electronics.
The analysis also shows that high growth is far from being the sole preserve of start- up businesses. Almost two thirds (60%) of high-growth businesses across Oxfordshire have been trading for under five years, but growth across the county is also set to come from older companies with 25% being five to 10 years and
22% being over 10 years. The average age of a high-growth business in Oxfordshire is eight years.
Dr Jane Galsworthy, innovation team director at GrowthAccelerator, revealed the findings at Venturefest and commented: “High growth is often perceived to be the exclusive domain of a certain type of business. However, our analysis of those leading the way in Oxfordshire shows that growth can come at any stage in a business’ lifetime, in a wide range of sectors and for any size of business. Many of our most prosperous, ambitious organisations are those which are setting and achieving new goals. With the right support and guidance, the growth
Fertility clinic raises £5m with help from Spectrum Corporate Finance
Spectrum Corporate Finance, based in Reading, has successfully helped Create Health (Create) raise £5 million development capital from ISIS Equity Partners.
London-based fertility clinic, Create, specialises in natural and mild IVF treatments which use lower levels of drugs that are also cheaper, safer and healthier for the mother and baby than more traditional treatments.
The company was founded by professors Geeta Nargund and Stuart Campbell in 2000, and its fertility services are provided from its clinics in Harley Street and Raynes Park.
The investment by ISIS will support Create to open a flagship clinic and centre of
excellence in Central London later this year, and it is envisaged that further clinics will be opened thereafter, both domestically and internationally.
Nargund, CEO and owner of Create, stated: “We met Clive Hatchard from Spectrum and he instantly recognised the ethical dimension of the work we were doing and the importance of making natural and mild IVF more widely available.
"Clive and Hamid took us painlessly through the complex process of securing private equity funding, and we will always be grateful to them for their time and expertise in completing this deal in a remarkably short period of time.”
THE BUSINESS MAGAZINE – THAMES VALLEY – JULY/AUGUST 2013
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opportunity exists no matter what the business’ age.”
The biggest barriers to growth for businesses in Oxfordshire are marketing (21%), skills or staff (20%) and strategy (18%). These are challenges GrowthAccelerator helps businesses to overcome as its growth managers match businesses with skilled coaches in order to help them fulfil their growth potential.
GrowthAccelerator has been helping high- growth businesses across Oxfordshire with: developing a breakthrough strategy, marketing strategy & plans, building their leadership teams and commercialising their products/services, as well as with raising finance.
Details:
www.GrowthAccelerator.com
Business THE TM MAGAZINE:DIGITAL
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Magazine:Digital at
www.businessmag.co.uk
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SME lending and investment is being driven by non-traditional sources, according to Geoff Bouchier . . .
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