What is Growth Accelerator?
Growth Accelerator is a grant funding option available to SMEs wanting to grow. It provides the funding to help ambitious businesses to develop and implement a growth strategy, with the support of business coaching and training. To be eligible for Growth Accelerator, your business must be registered in the UK and based in England, have fewer than 250 employees and have a turnover of less than £40m.
Aren’t grant applications difficult and time-consuming?
It needn’t be. There are a few, simple steps, and we can manage it for you, so you don’t need to spend hours on it.
Why should I apply?
The grant will allow you to benefit from the services of a business coach with a small amount of outlay, so that you can increase your profits. They will review your business, help you to create a strategy for improvement, and support you while you implement it.
This can take you in some surprising directions – we helped one client of ours reshape their marketing strategy, so that their highly successful banqueting facility, which was full every weekend, was also properly marketed as a conferencing facility, enabling them to profit from bookings during the week.
Another client found that their business was lacking a clear structure. There were some areas of the business that no one was taking ownership for, and, you guessed it … nothing was happening in that area – and it was holding to company back. We helped them to create a structure and identify exactly who was taking care of each and every aspect of the business, so that everyone was clear about what was their responsibility. Profits increased right away.
What do I get?
£3,500 worth of business coaching with a consultant, including six training course workshops run by Pera
What do I have to pay?
If you have five employees or fewer, you pay £600, plus the V.A.T on the £3,500 grant. If you have more than five employees, you pay £1,500, plus the V.A.T on the grant as above.
Are there any added benefits?
Once you are on the programme, you have access to additional funding for Leadership and Management training. It is match-funding up to £2,000 per senior manager, (Key person in the business), so if you have a training requirement that you have believed to be too expensive, then this is a solution for you.
How soon after applying can I get the service?
You can begin to benefit within a fortnight of application.
To find out about whether you are eligible for Growth Accelerator and how you can benefit, contact Doug at Doug@exec-tc.com. To learn more about the benefits of business coaching, read the Advice Sheet on our website, ‘Coaching’.