Transcript Coach Briefing Day 12th August 2013

Business Growth
Services
Aman Nirwal, Regional Manager
[email protected]
Mobile:
Origins of GrowthAccelerator
GrowthAccelerator is a national (England-wide)
service that focuses on providing coaching, training
and leadership development whilst developing
growth communities to support ambitious
businesses.
Formally launched as GrowthAccelerator May
2012
Initially offered until 31 March 2015, now
extended until 2017 as part of the Business
Growth Service.
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
Eligibility
SMEs
< 250
employees
Max balance
sheet 43m
Euro
(includes group
assets)
Registered in
England
Any sector
Any age
Access to Finance
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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
65% 32% 3%
Equity
Debt
£766k
Average equity cheque
£374k
Average debt cheque
£262k
Average grant cheque
84%
16%
Grants
Top 10 Sectors
Information Technology
18%
Retail
Business Services
11%
Manufacturing
7%
Food & Drink
Medical Devices
5%
Technology
5%
Recruitment
4%
Design
3%
Communications
3%
2.6
Funding rounds
closed per week
10%
5%
80%
syndicate deals
Business Development
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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 matchfunding 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
97% believe that
on track to achieve the key
milestones set out in their
action plan
GrowthAccelerator has been
'important' in increasing their ability
to achieve these milestones
Participant Satisfaction with Coach Qualities
Credibility
Technical Skills
Business experience
Understanding of your business
95.3%
90.2%
94.2%
91.2%
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
Q&A
Aman Nirwal
Regional Manager
Business Growth Service
[email protected]
07825027879