The new GrowthAccelerator programme 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.

GrowthAccelerator 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.

GrowthAccelerator 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 GrowthAccelerator

martin.parry@mgba.co.uk

3 Responses to “The GrowthAccelerator Programme”


  1. 1 John Leach February 14, 2012 at 8:29 am

    The press release should say Winning Pitch not Winning Moves

    • 2 Martin Parry February 14, 2012 at 3:50 pm

      Hello John. I did check this at the time with Winning Moves and it is they to whom I am contracted. However if you do believe I am incorrect please let me know and I will amend my blog

      • 3 johnleachwp February 14, 2012 at 5:07 pm

        Hi Martin – here is the direct extract from yesterday’s BIS Newsletter, you can get the earlier notice from previous news letters – Enterprise Directorate <businessimprovement@bis.gov.uk. As you will see the CfGC is the four named companies and 7 supporting which is WM part of the latter. Apologies if it seems as though I am splitting hairs but it confusion could easily arise and we must avoid this at all cost – Regards John

        Business Coaching for Growth (BCG) – one step closer to full roll-out.

        The Coaching for Growth Consortium led by Grant Thornton, comprising Winning Pitch, Pera and Oxford innovation has signed a contract to deliver BCG and is aiming to be fully operational by March 2012. BCG will provide small and mid-sized businesses with:
        dedicated and structured coaching support for
        up to 10,000 high growth potential businesses a year
        connect businesses to other relevant forms of support such as business angel networks, UK Trade and Investment (UKTI) or the Manufacturing Advisory Service (MAS)
        Business and Enterprise Minister Mark Prisk said:
        “Providing intensive and quality coaching for high growth potential businesses is vital to their continued success and their ability to help the UK economy grow. This programme is the latest step the Government is taking to ensure small and mid-sized businesses are well equipped to thrive here and abroad”.


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