THE PROBLEM WITH GROWTH
One of the hardest tasks facing any company director is maintaining growth. After spending considerable time and energy establishing and developing your business, a period of consolidation may seem unavoidable and early levels of growth impossible to maintain.
This is a pattern that we recognise in our clients and one that is repeated in businesses up and down the country.
However, with help from Growth Accelerator, it doesn’t have to be this way.
WHAT IS GROWTH ACCELERATOR?
Growth Accelerator is a Government backed service, led by some of the country’s leading growth specialists, that seeks to help growing companies keep growing.
The Growth Accelerator service puts you in touch with the advice and support of specialist advisors who can help to identify the barriers that are preventing growth and establish frameworks that will help you to overcome them.
Your business will be put in touch with a Growth Manager who can review the position with you and suggest a range of further services that the Growth Accelerator program can provide.
These can include help or training in areas including:
- Access to Finance
- Business Development
- Growth Through Innovation
- Leadership & Management
In addition, it is also possible to access up to £2,000 of match funding towards leadership & management training for each senior management staff member.
The overriding intention of the Growth Accelerator service is to put you and your business in touch with others who have experienced or are experiencing the same challenges and difficulties with growth that you might be experiencing.
Access to this wealth of experience comes through your Growth Manager, but also through the online Growth Accelerator Community, which links up business leaders in similar positions all over the country and allows them to share their ideas and experiences.
IS GROWTH ACCELERATOR RIGHT FOR MY BUSINESS?
Growth Accelerator is aimed at companies with less than 250 employees and an annual turnover of less than £40m.
Your business must be registered in the UK and based in England to participate in the scheme.
Most importantly, you must have the ambition and desire to keep growing your business.
HOW MUCH DOES IT COST?
Growth Accelerator is match funded by the government and the cost of participating varies depending on the size of your business. The value of the work that your business will receive is £3,500. The proportion you will pay yourselves depends on the number of staff employed by your business. You maximum contribution would be £1,500. Further details can be found on the Growth Accelerator website.
HOW CAN WE HELP?
The Growth Accelerator service does not simply set out the steps you need to take in order to stimulate growth. It also puts you into contact with Growth Coaches who are specialized in the fields identified as affecting your company, and who can help you to develop the skills required to move forward.
A large part of any successful process to improve growth is developing a coherent and focused business plan. Here at Bush & Co Chartered Accountants in Exeter, we are able to offer comprehensive training and advice through our registered Growth Coach, Roger Carne.
Roger, the senior partner at the firm, brings a huge depth of experience and knowledge in the field of business planning and, through a program which leads towards creating a suitable business plan, can help develop the skills you need to lead your business forward.
If Growth Accelerator sounds like something suitable for your company and you feel that you would like to know more, extensive information is available on the scheme’s website – www.growthaccelerator.com .
Alternatively you can get in touch with Roger Carne here at firstname.lastname@example.org.
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