Archive for February, 2012

Late Payment Legislation Failed – Prisk

The Forum for Private Business has quoted  The Telegraph, government minister Mark Prisk is admitting that legislation to manage poor payment practice among the public sector has failed causing genuine hardship among SMEs suppliers. 

Sc: Forum for Private Business, Daily Telegraph

Small Firms Get Cash Incentives for Apprentices

Prime Minister Cameron has announced a new scheme which encourages businesses to bid for a share in a £6m Higher Apprenticeship Fund.  The scheme aims to encourage create apprenticeships in a wide range of industries including Aerospace, Energy and Renewable Energy by offering employers a £1500.00 incentive.  Cameraon says that this scheme will “strengthen our economy by helping employers take on apprentices and ensure that the UK workforce has the skills that businesses need”

More information from: Department of Business Innovstion and Skills


Coaching For Growth – More Details

Several businesses contacts have asked for more information about the Coaching For Growth programme I am currently working on under contract to Winning Moves.  The information below appears on the BIS website and gives more background.

The new Business Coaching for Growth programme (BCG), aims to propel the nation’s most promising high growth SME’s and boost economic growth. It is designed to achieve maximum economic advantage to the UK by increasing the number of businesses that achieve genuine high growth; the businesses that contribute the most too economic and employment growth.

BCG is an ambitious new programme, coordinated nationally but delivered at a local level, which provides high quality coaching support for up to 10,000 SMEs a year with high growth potential. The programme provides coaches to work face to face with senior management teams, to help them develop and implement their strategies and overcome the challenges that businesses face on a range of issues such as sales, raising finance or exploiting innovation.

The programme is designed with the specific needs of a growing business at its centre, the programme provides businesses with bespoke solutions to their growth challenges. Along with the high quality coaching, the programme gives growing SMEs a highly networked offer, and will connect the high growth potential businesses to:

  • External finance – Business Angel Networks, Venture Capitalists. 
  • Business Support Services – Trade (UK Trade and Investment), Innovation (Technology Strategy Board), Intellectual Property (Intellectual Property Office), Manufacturing (Manufacturing Advisory Service) as well as private sector delivered solutions. 
  • Access to Premises – science parks, universities, business incubators.

BCG will target established businesses and start ups with the potential to achieve fast or high growth rates as defined by the criteria below:

  • SMEs with 10 or more employees with the potential to increase turnover or employment by an annual average rate of 20% over three years.
  • SMEs with fewer than 10 employees that over three years have the potential to increase employment by at least 7 employees or annual turnover by £0.75m. 
  • Start-ups with potential to achieve turnover of £1m within three years of starting trading, or to have at least 10 employees within three years.

Information from Dept of Business Innovation and Science  and Winning Moves

Glyders part deux

Have a look at some of the photography here.  really majestic stuff

Glyders part deux.

Coaching For Growth – Opens in March

The new support programme providing intensive coaching for firms deemed to have high growth potential will be “fully operational” by March this year, the Department for Business (BIS) has confirmed. A contract to deliver the programme has been signed by the Coaching for Growth Consortium, led by Grant Thornton and comprising Winning Moves, Oxford Innovation, Pera, and seven other local partners.

For my part I have been engaged by Winning Moves to deliver the service to qualifying businesses throughout The Midlands.  Which means I will be coaching and mentoring SMEs with high-growth potential and helping them develop and build their businesses, making them flourish.

If you know anyone running a business who you believe might benefit from the Coaching For Growth programme please let me know.  Further details are4 in thr link below.

posted by Martin Parry

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