Introduction to the Business Growth Service May 2015 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 provide tailored business support to small and medium sized firms with ambition and potential to grow. Throughout their journey, participants will have a single point of contact from the Business Growth Service and, depending on the type of help they need, will be introduced to experts from other existing Government service including UKTI, UKEF, Innovate UK and local growth hubs. 1 GrowthAccelerator introduction Nigel Knapp Business Growth Manager Coventry & Warwickshire Support includes: Business Development Coaching Growth through Innovation Building leadership and management skills Developing new ideas and products Accessing finance Design mentoring Protecting intellectual property Eligibility and cost • SMEs only - fewer than 250 employees, less than £40m turnover • Registered in the UK and England • Any sector • Growth Accelerator pays the coach, based on delivery and client satisfaction The application process is simple Telephone Interview Register Online Online Diagnostic Growth Assessment Coaching Workshops Master-classes L&M Training Account Management Face to Face Meeting Growth Plan content agreement & Contracting Commence High Growth Support On-line survey Online GROWTHMapper questionnaire • 10 business areas • 10 questions on each • 15 minutes to complete Output • An INSIGHT report that gets under the skin of the business and illuminates the coaching process. GROWTHMapper - extract Leadership and Management Eligibility: – Key Decision Maker (Owner Manager, MD, CEO) or: – A member of the Senior Management Team or Board Executive and: – Have strategic responsibility for the overall direction of the business How much can a client access? – Up to £2000 per eligible individual - 50% match funding – Grants must be matched £ for £ – Maximum funding available is on a sliding scale, which is capped at five senior managers or up to 10% of the workforce for companies with 20 plus full time employees – Can be used in all or parts. How can the funding be used? – Leadership and Management development that will significantly improve the capability of the person(s) accessing and clearly link to the growth of the business. Coaching and L & M timing Time 1 GrowthAccelerator Support GA Coaching Leadership and Management Support 2 3 L&M Training GrowthAccelerator Support GA Coaching Leadership and Management Support L&M Training GrowthAccelerator Support Leadership and Management Support GA Coaching L&M Training Questions? Thank You Nigel Knapp 07818 613376 nigel.knapp@growthaccelerator.com www.greatbusiness.gov.uk/ga