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). Costs are;
- 1 – 4 employees £600+£700 VAT
- 5- 49 employees £1,500+£700 VAT
- 50 – 249 employees £3,000+£700 VAT
This means that the smaller the business the less the cost is, so finally a government backed scheme that works in tandem with smaller businesses.
Remember that the cost of the Growth Accelerator scheme is small in comparison to the value that will be added to your business.
Is Growth Accelerator For Me?
Take this quote from The Growth Accelerator;
Growth Accelerator 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
If that sounds like something that may interest you and your business then I would encourage you to look more closely at the scheme. The scheme is administered by Grant Thornton, but you can access the scheme through local ‘Growth Managers’. If you want to know the local Growth Manager in your area then drop us a line and will give you the right contact.
Lime Consultancy are part of the Growth Accelerator network, this means that if you are looking to raise finance or pitch for investment then we can use the scheme to work with you. How good is that!
If you are still unsure whether Growth Accelerator is something you want to have a closer look at then read these quotes from real people after being on the programme;
Growth Accelerator really got under the skin of our business. Their enthusiasm was so reassuring, and having that third party there to mediate and provide external perspective was crucial…Giles Mortimer, MD ‘Traveller’
We’d been doing things our own way for a while, and this process really made us look at the business from a different angle. Our Growth Manager found the perfect mentor for the company, which has helped us no end. What we’ve learned in just a few months has been worth every penny. Richard Overton, Overton UK
Growth Accelerator can work in tandem with The Growth Vouchers programme, or you may find that Growth Vouchers are a better option, either way make sure you check out which is best for you as there appears to be more business support and funding available than ever before.
Any queries about this post then please give Dave Farmer a call on 01293 541333 or add your comments using the reply button above.
By Dave Farmer