The Growth Accelerator scheme is aimed at ambitious businesses who are serious about growing. It is a government funded scheme which provides businesses with access to professional support in any of the following areas;
- Access to finance
- Growth through innovation
- Business development
- Leadership & Management
There are other benefits to being part of the scheme including;
- Networking with other companies facing similar challenges
- Management training
- Pitching & finance workshops
- Training for senior managers in your business
All in all the Growth Accelerator programme offers massive benefits to growth companies. All of the services provided by Growth Accelerator are massively subsidised.
The Cost of Growth Accelerator
The cost varies depending on the size of your business. The service Growth Accelerator provide is valued at £3,500. This means that every business has to pay the VAT on the service (which can be claimed back).
- 1 – 4 employees£600+£700 VAT
- 5- 49 employees£1,500+£700 VAT
- 50 – 249 employees£3,000+£700 VAT
GrowthAccelerator will help you get to the heart of the barriers that are holding your business back and work alongside you to identify the critical steps you need to take to achieve your next phase of growth- rapidly and sustainably
How Could Growth Accelerator Help You?
Because the Growth Accelerator scheme offers advice and support in a number of areas then it really comes down to the individual business to establish what the aims are at the outset.
As Lime Consultancy, we offer the Growth Accelerator scheme as a way to help clients pay our costs on any longer or more complex funding case. However, each business has the ability to use the scheme tailored to them. The Growth Accelerator coach allocated to you will be dependent on what your business aims are.
For a guide, some recent feedback on Growth Accelerator can be downloaded here – GA Survey Download
A recent Government survey into the scheme saw the following results.
The concern here is that export assistance looks poor, however bear in mind that UKTI offer specialised export advice and should be your first port of call for assistance in exporting.
If you want more information on Growth Accelerator then give us a call on 01293 541333 or contact us via the website quoting ‘Growth Accelerator’ and we will talk you through it all.
By Dave Farmer