£200 MILLION PROGRAMME DELIVERS GROWTH SUPPORT TO AMBITIOUS SMES

An innovative £200 million programme to help up to 26,000 of England’s brightest businesses achieve their ambition and potential, as well as creating 55,000 high-value jobs has been launched by Business Secretary Vince Cable.

GrowthAccelerator is available for companies with genuine potential for rapid and sustainable growth. The new partnership between the private sector and Government will see proven business experts working with companies to identify their barriers to growth and ways to overcome them. This will be on issues such as securing finance, commercialising innovation or developing leadership and management capability.

As well as coaching, GrowthAccelerator, provides comprehensive support by fasttracking clients to trusted providers of business advice such as UK Trade and Investment (UKTI), professional advisers as well as relevant networks such asAngel Investors.

Secretary of State for Business Vince Cable, said:

“GrowthAccelerator is an exciting new programme that is at the heart of the Government’s commitment to help businesses deliver growth by increasing their chance of gaining access to finance and spurring innovation. The £200 million programme will deliver high quality coaching to arrange of businesses that will help them grow and give the economy a real boost.

“The UK boasts vibrant small and medium sized businesses that have the chance to become the household names of tomorrow. With targeted support we are giving entrepreneurs a fantastic opportunity to take their businesses forward to succeed both here and abroad. I look forward to seeing what this great programme helps them achieve in the future.”

Funded bythe Department for Business Innovations and Skills (BIS), GrowthAcceleratoris to be delivered by private sector experts from a consortium led by Gran tThornton and comprises Winning Pitch, Oxford Innovation, Pera and seven other local delivery partners.


For more information, please see >>  www.growthaccelerator.com