CHAMBER NEWS
ScaleUp support for businesses with 'high ambitions' for growth
business support package to help them reach the next level of growth. Lindsay Allen, D2N2 Senior
Programme Manager (Sector Development) and lead officer for the D2N2 Growth Hub, said: “D2N2’s Growth Hub works with start-ups and SMEs at all levels, but we
identified a need for extra assistance for those companies already doing well but with high ambitions. “Through the ScaleUp Service we
and our delivery partners will be providing expert guidance and assistance to get these companies to the next level of growth.” Scott Knowles, Chief Executive at
the Chamber, said: “It’s all too easy for firms to grow quickly and then plateau because they don’t know how to take the next step. The D2N2 Growth Hub ScaleUp Service is all about helping SMEs take that next step. “And the beauty of the
Fast-growing and ambitious businesses are being offered a helping hand to step up to the next level. The D2N2 Local Enterprise
Partnership (LEP) – the private sector-led partnership promoting economic and jobs growth across Derby, Derbyshire, Nottingham and Nottinghamshire – is offering financial assistance and coaching to firms keen to ‘scale up’. According to Sherry Coutu, in
the Scale-Up Report, it is estimated that growth of just one per cent in the number of UK companies scaling up could create 238,000 new jobs and add £38bn to the UK’s GVA (Gross Value Added, a measure of the value of goods and services an area produces versus its consumption of resources) within three years. Firms qualifying for D2N2
Growth Hub ScaleUp, marketed by the LEP’s D2N2 Growth Hub, will be small and medium-sized enterprises (SMEs) which have achieved some or all of the following criteria or those able to demonstrate their ambition and potential to do so in the foreseeable future:
• Employ ten or more people at the start of the qualifying period
• Have a turnover of between £1m and £15m a year
• Have consistent annual growth of at least 20% for the past three years
The D2N2 Growth Hub – which
works closely with SMEs in the LEP area to help them grow – has identified almost 200 companies across Derbyshire and Nottinghamshire which could qualify for support under the ScaleUp Service. It is being delivered in partnership with Nottingham Trent University’s Nottingham Business School, the Professional Coaching Alliance, the Centre for Management & Business Development (CMBD) and the Chamber. Businesses meeting the eligibility
criteria will initially receive a free comprehensive review of their scale up challenges to explore the specific issues related to rapid business growth and develop a bespoke action plan. Those selected to take part will
receive high-quality coaching to help address identified priority areas and leadership and management development, access to workshops focusing on identifying potential markets, advice on sales and marketing and access to finance and bespoke support through an executive peer- to-peer network. SMEs will be able to reclaim,
through a grant scheme, a proportion of the cost of the
programme is that it completes a virtuous circle where Government, through D2N2, encourages and assists firms to take that next step which, it is proven, then creates more jobs and more wealth which boosts the economy.” Head of Executive Education and
Corporate Relations, College of Business Law & Social Sciences at Nottingham Trent University’s Business School, Julie Holland, is equally enthusiastic about the project. She said: “Fast growth can be just as challenging to businesses as lack of opportunity. Having the chance to work with some of the region’s fastest growing firms, to support their long-term sustainability, will help us to support managers now and in the future with their scale- up challenges and will provide career opportunities for our talented graduates.” Mike Epton, Managing
Director at CMBD, said: “We have been helping businesses in the D2N2 area realise their growth ambitions for nearly 15 years and, with our partners, intend to deliver a truly integrated programme of support to meet the specific needs of individual businesses as well as creating a community of growth for D2N2 focused around our Growth Hub.”
‘D2N2’s Growth Hub works with start-ups and SMEs at all levels, but we identified a need for extra assistance for those companies already doing well but with high ambitions’
John Collins, Coaching Director
at PCA, added: “Our coaches have achieved some fantastic results with high-growth businesses over the past 12 years and we are excited to be involved in delivering the new Growth Hub ScaleUp Service with our partners.”
Places on the exclusive D2N2 Growth Hub ScaleUp Service are limited. Businesses wanting to take part in the programme should visit
www.d2n2growthhub.co.uk/scaleu p, email
info@d2n2growthhub.co.uk or call 0333 006 9178.
business network November 2017 Lindsay Allen
21
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72
