What’s impressive is that the scheme seems to be genuinely unlocking new high growth potential, with only 32% of the 6,000 or so businesses that have participated in the scheme so far having sought strategic business advice previously in the last 2 years.
Reported feedback includes:
- Significant impact – 78% said their initial assessment provided clarity on how to drive growth
- 77% said they got something from GrowthAccelerator that they couldn’t get elsewhere
- 94% of businesses receiving Business Development coaching have achieved an outcome they couldn’t have by themselves
- 3,400 businesses are increasing turnover more quickly and 3,100 are increasing employment at a faster rate as a result of working with GrowthAccelerator
- Ambition, dedication and inspiration in management teams are the most vital factors in achieving high growth for businesses.
- Businesses using the service are happy with the advice they have received – 97%say they’d recommend GrowthAccelerator
- Based on this experience, high growth comes from businesses of any size, age or sector or in any geographical location. In other words you don’t have to be a start-up business, based in London or other city centres to achieve success on the programme.
The scheme now aims to generate 55,000 new jobs and £2.2bn of economic growth within three years. That’s great news for business.
