Are you a business who is eager to enter your next phase of growth, and have the potential and determination to get there?
If so, the good news is that there’s help and financial support from the Government to get you the guidance and advice you need.
The Business Growth Service
The Business Growth Service is a government-backed service (funded by Business Innovation & Skills – BIS) which is offering support to businesses who have the potential to grow.
It is a recent amalgamation of several organizations and funding sources, to make it easier to provide a one stop shop for business support.
The purpose of this article is tell you about Growth Accelerator, and how it can provide you with heavily subsidised expert advice to kick-start your business growth.
So, What Is Growth Accelerator & How Can You Benefit?
The Growth Accelerator service provides you with an experienced and local Business Growth Manager who initially provides a free consultation to review your business.
They will identify the barriers that are holding your business back and work alongside you to agree the critical steps you need to take to achieve your next phase of growth.
They are also there to ensure you get the most benefit from the Growth Accelerator service.
Their aim is to help you get the right expert help and advice for …
- Business Development
- Growth Through Innovation
- Access To Finance
- Leadership & Management Training
This is where Richard Lomax & Associates comes in….
We are a registered ‘expert coach’ with the Growth Accelerator service, under the Business Development section, (specialising in Marketing).
If you would like me and my team help grow your business here’s what you need to do….
Check that you are eligible. You need to be registered in the UK and be based in England, have fewer than 250 employees, and generate less than £40m in turnover per year.
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A Business Growth Manager from Growth Accelerator will contact you and arrange a review of your business. The aim of the review is to identify your barriers to growth and what you need to overcome them. The section to choose, if you want help building a successful growth strategy, is the Business Development sector.
Choose an expert coach. After your business review, if you Growth Manager agrees that you would benefit from developing a successful growth strategy, you can choose to work with Richard Lomax & Associates.
Once on the Growth Accelerator programme, a number of free master classes, workshops, and membership of an elite networking group will then also become available to you. You will also be eligible for additional matched funding for Leadership & Management training.
OK, so how much does it cost?
There is a one off cost, depending on your number of employees:
For 1-4 employee businesses it’s only £600 + Vat*
For 5-49 employee businesses it’s £1,500 + Vat*
For 50-249 employee businesses it’s £3,000 + Vat*
All businesses have to pay £700 VAT which can be reclaimed. (This VAT is based on 20% of the nominal value of the service which is £3,500).
This represents a fantastic opportunity to get professional, expert help to grow your business. The full cost of the service would normally be £3,500 + vat. Government funding meets the difference.
So if you are a small business with less than 4 employees, you can get £3,500 worth of help for only £600 +Vat
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after which your local Business Growth Manager will contact you.
If your review and consultation reveals that business growth strategy coaching would be your best way forward, just nominate Richard Lomax as your coach. It’s as simple as that!
If you would like more information on the coaching we can provide as part of your Growth Accelerator programme, please call Sally on 01692 538800 or the Growth Accelerator team on 0300 303 0034.