Funded by Inspire Sales and the European Regional Development Fund (ERDF), Coaching for High Growth is part of Government’s Solutions for Business portfolio, a suite of highly targeted, publicly funded products and services offering solutions to real business needs.
Coaching for High Growth provides participating businesses an intensive and bespoke package of support over a 12 month period, to help them unlock their high growth potential. Demand for places on Coaching for High Growth is already high but there are still places left, so businesses with ambitious growth plans for 2013 and beyond are encouraged to apply as soon as possible, the funds will not be available after November 2013.
The support provided to each company is based around one to one coaching, with the programme carefully matching the needs of each business with a specialist and knowledgeable growth coach, who will then work with the business to pin-point barriers to growth and put in place a clear growth strategy.
Alongside the coaching, each business has access to a programme of master classes, which provide further support to help the business and senior managers to prepare their business for growth using the latest tools and techniques. The support offered will help businesses to:
o Put in place a clear vision and growth strategy
o Ensure the management structure and processes are right to facilitate sustainable high growth
o Increase sales and new routes to market
o Develop their competitive edge.
The support offered by Coaching for High Growth is client led, with the coach working with each business based around their own needs and priorities. Previous participants in high growth programmes have reported that the support has had an overall positive influence on long term growth prospects, resulted in new business opportunities, increased teamwork and had an impact on bottom line performance.
There are three programmes:
o Starting a High Growth Business – less than a year old with potential to achieve £500k or more turnover within 3 years of trading
o Coaching for High Growth – SME’s with £1m plus turnover with the ambition to grow in turnover and/or staff by 20% or more per annum for the next three years
o Understanding Finance for Business – Businesses looking for financing to fund 20% growth or more per annum
The Process is quite simple, application form and online questionnaire (10mins max).
Eligible businesses can get 12 hours of fully funded practical business coaching support to achieve their business objectives, with a further 48 hours of part funded coaching also available if required.