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Growth Accelerator introduction

Growth Accelerator introduction. Martin Parry – Growth Coach Coventry & Warwickshire October 2013. What is GrowthAccelerator?. Business Support Service funded by BIS . Launched in May 2012 , planned until March 2015 (with option to extend for second term)

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Growth Accelerator introduction

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  1. Growth Accelerator introduction Martin Parry – Growth Coach Coventry & Warwickshire October 2013

  2. What is GrowthAccelerator? • Business Support Servicefunded by BIS. • Launched in May 2012 , planned until March 2015 (with option to extend for second term) • Available to SMEs registered in England with high-growth potential. • Delivered by a private consortium.

  3. Our objectives • Engage with 26,000 potential high-growth businesses. • Connect them with a range of support services to accelerate growth. • To deliver £2.8bn of growth and create 70,000 jobs. • Build a high-growth business community…8000+ clients to-date!. (130 in Coventry & Warwickshire)

  4. The Consortium • Private enterprise in partnership with BIS • Our national pool of associate growth coaches (1500+) • Our national register of training providers • Our clients, who co-invest in their projects

  5. What does the offer include? • An independent growth diagnostic interview, assessment and report for your business, before commitment. • Coaching support - overcoming barriers & maximising opportunity • Growth focussed Workshops & Masterclasses • Access to Leadership and Management grant funding. • Continuous high-growth support through a powerful GA community

  6. Eligibility and cost • 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

  7. The application process is simple Telephone Interview Register Online Online Diagnostic Coaching Workshops Master-classes L&M Training Legacy Support Growth Assessment Face to Face Meeting Commence High Growth Support Scope of Support agreement & Contracting

  8. On-line survey Online GROWTHMapper questionnaire • 10 business areas • 10 questions on each • 15 minutes to complete Output • An INSIGHT report that gets under the skin of the business and illuminates the coaching process.

  9. GROWTHMapper - extract

  10. Scope of Support • The key document that defines what is to be delivered by your coach and the baseline measure for growth. • Content agreed at the face to face meeting with your Growth Manager. • Contains: • Summary of company background & current situation. • Description of growth opportunities and challenges. • Highlights from your GROWTHMapper survey • Definition of the agreed Work Packages to be delivered by the coach • Evidence to be provided for each Work Package (signed off by client) • The baseline GVA measure • Acceptance by you triggers issue of the invoice

  11. Scope of support streams & content outline BDC - Business Development Coaching • Strategy, change management, marketing plans, driving sales, organisation development, resource planning. • Attendance at series of 6 x ½ day workshops based on business need. GTi - Growth Through Innovation • Developing ideas, re-energising the business, finding new markets, partnerships & collaborations, new product introductions & commercialising IP. • Attendance at up to 3 of 7 full-day masterclasses A2F - Access to Finance • Developing investment readiness, introductions to appropriate funders, access to GrowthAccelerator's Investor Relations team • Attendance at up to 3 of 4 full-day masterclasses

  12. Coaching • Over 1000 highly experienced knowledgeable independent professional coaches . • Proven track records in helping SMEs accelerate and sustain growth • Specialists in their field – finance, marketing, strategy, leadership, operations, innovation etc. • Sector expertise, well connected. • Selected by your Growth Manager in collaboration with you, to match your business needs. • Contracted and paid by GrowthAccelerator, based on delivery and results • Coaching typically over a period of three to nine months

  13. Leadership and Management Eligibility: • They are the Key Decision Maker (Owner Manager, MD, CEO) or: • They are a member of the Senior Management Team or Board Executive and: • They have strategic responsibility for the overall direction of the business How much can a client access? • Up to £2000 per eligible individual - 50% match funding • Grants must be matched £ for £ • No limited on the number of senior managers How can the funding be used? • Leadership and Management development that will significantly improve the capability of the person(s) accessing and clearly link to the growth of the business. • Training to develop the skills/competences/capabilities of leaders and senior managers of the businesses on GrowthAccelerator

  14. Coaching and L&M timing Time GA Coaching GrowthAccelerator Support 1 L&M Training Leadership and Management Support GA Coaching GrowthAccelerator Support 2 L&M Training Leadership and Management Support GrowthAccelerator Support GA Coaching 3 Leadership and Management Support L&M Training

  15. How does GrowthAccelerator work?

  16. Questions?

  17. Thank you www.growthaccelerator.com Martin Parry 07831 566300 Martin.parry@growthaccelerator.com

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