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An introduction to GrowthAccelerator

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Page 1: An introduction to GrowthAccelerator. Document TitleVersion XDate Business secretary Vince Cable officially launched the £200m government-backed GrowthAccelerator

An introduction to GrowthAccelerator

Page 2: An introduction to GrowthAccelerator. Document TitleVersion XDate Business secretary Vince Cable officially launched the £200m government-backed GrowthAccelerator

Document Title Version X Date

What is GrowthAccelerator?

Page 3: An introduction to GrowthAccelerator. Document TitleVersion XDate Business secretary Vince Cable officially launched the £200m government-backed GrowthAccelerator

Document Title Version X Date

Coaching projects fall into one of three channels

Types of Growth Coaching Projects

• Business Development Coaching

• Growth Through Innovation

• Access to Finance

• Funding for Leadership and Management Training related to the growth challenges of your business can compliment all of the above types of coaching project

• Networking and connectivity opportunities for the Growth Accelerator Alumni growth community

Page 4: An introduction to GrowthAccelerator. Document TitleVersion XDate Business secretary Vince Cable officially launched the £200m government-backed GrowthAccelerator

Document Title Version X Date

Examples of coaching being delivered in live 1-2-1 projects include:

Business Development Coaching

Strategy Sales: Process and

Management

Contract Bidding

Management Structure:

Change and Implementatio

Marketing: Strategy

Implementation and Channel Management

 

Creation of Value

Proposition

Customer Service Process

KPIs: Agreeing and Setting

Analysis of Customer Base

Recruitment Planning

Exit Planning Change Management

Page 5: An introduction to GrowthAccelerator. Document TitleVersion XDate Business secretary Vince Cable officially launched the £200m government-backed GrowthAccelerator

Document Title Version X Date

Examples of coaching being delivered in live 1-2-1 projects include:

Growth through Innovation

Setting Innovation

Goals 

Generating New Ideas

 

Developing an Innovative Organisation

Collaboration and

Partnering for Innovation

 

Creating Competitive Products and

Services 

Understanding Unmet Customer

Needs 

Finding and Winning

Grants for Innovation

 

 

Page 6: An introduction to GrowthAccelerator. Document TitleVersion XDate Business secretary Vince Cable officially launched the £200m government-backed GrowthAccelerator

Document Title Version X Date

We have a large experienced and independent pool of professional coaches

Our Growth Coaches

• Coaches are selected in collaboration with you to match your unique business needs

• They offer a flexible and tailored approach

• Coaching typically takes place over a period of three to nine months, depending on the deliverables of your project

• They often provide sector expertise

• Coaches are paid by Growth Accelerator based on delivery and results

Page 7: An introduction to GrowthAccelerator. Document TitleVersion XDate Business secretary Vince Cable officially launched the £200m government-backed GrowthAccelerator

Document Title Version X Date

The Growth Assessment

• Initial telephone discussion – is the scheme right for your business?

• Completion of interactive assessment tool GROWTHmapper

• Small amount of financial information is collected by Growth Manager

• Face to face meeting with Growth Manager to discuss the GROWTHmapper results and agree the core themes of the Growth Coaching Project

• Scope of Support document drafted (specifying the growth coaching project) contracts are signed, the growth coach is introduced and work commences

• The Growth Manager is your dedicated point of contact throughout

Understanding Your Growth Aspirations and Challenges

Page 8: An introduction to GrowthAccelerator. Document TitleVersion XDate Business secretary Vince Cable officially launched the £200m government-backed GrowthAccelerator

Document Title Version X Date

• Aimed at MDs who want to double their business in 3 years• SMEs only - fewer than 250 employees, less than £40m turnover

• Registered in the UK and England

• Any sector

• Growth Accelerators pays the coach, based on delivery and client satisfaction

Eligibility and cost

Page 9: An introduction to GrowthAccelerator. Document TitleVersion XDate Business secretary Vince Cable officially launched the £200m government-backed GrowthAccelerator

Document Title Version X DateLeicestershire County Analysis

Top ten sectors PercentageManufacturing 9.6%

Business services 8.3%IT 6.4%

Consulting 3.8%Construction 3.8%

Retail 3.8%Building Control 3.2%

Training 2.5%Healthcare 2.5%Automotive 2.5%

GrowthAccelerator – Leicestershire County

Page 10: An introduction to GrowthAccelerator. Document TitleVersion XDate Business secretary Vince Cable officially launched the £200m government-backed GrowthAccelerator

Document Title Version X Date

GrowthAccelerator – Leicestershire County

Leicestershire County Analysis

Page 11: An introduction to GrowthAccelerator. Document TitleVersion XDate Business secretary Vince Cable officially launched the £200m government-backed GrowthAccelerator

Document Title Version X Date

Second Year Survey Results (choose relevant stats)

• 91% of businesses were satisfied with the quality of their Growth Manager

• 94% of businesses were satisfied with the quality of their coaches

Satisfaction with the team

Positive impact• 74% of businesses said that as a direct result of support , they have or

they expect to increase the number of people employed

• 81% of respondents said that as a direct result of support , they have or they expect to increase the turnover of their business

• 77% of respondents 'agreed' that GrowthAccelerator has provided them with something that they could not have got from any other source

Highly recommended• 97% of businesses would recommend GrowthAccelerator to others

• 97% of stakeholders would recommend GrowthAccelerator to others

Page 12: An introduction to GrowthAccelerator. Document TitleVersion XDate Business secretary Vince Cable officially launched the £200m government-backed GrowthAccelerator

Document Title Version X Date

Growth Accelerator – Supporting the growth of your business

• It’s a bespoke service, focussed on the specific needs of your business

• It is delivered by private sector growth experts – Grant Thornton, Winning Pitch, Pera, Oxford Innovation and backed by Government

• It is outcomes-focussed – the coach only gets paid on results

Page 13: An introduction to GrowthAccelerator. Document TitleVersion XDate Business secretary Vince Cable officially launched the £200m government-backed GrowthAccelerator

Mark Taft07867 [email protected]