13 January 2015: Introduction to the Business Growth Service

Introduction to the Business Growth Service Nick Golding – CDE January 2015

Overview of the service

GrowthAccelerator, Manufacturing Advisory Service (MAS), Intellectual Property Audits and Design Mentoring have integrated to become the Business Growth Service. We can help businesses to achieve their full potential by identifying barriers to growth and providing tailored support that fits your needs. This support includes coaching, consultancy, mentoring, training, access to finance and export advice

What is the Business Growth Service?

Business Growth Service

Product & Service Offering for Clients

Business Growth Service

UK Trade & Investment

Strategic Development GA Business Development Coaching

MAS Strategy Consulting

Innovation, Design & IP GA Growth Through Innovation

MAS Innovation

Design Mentoring

IP Audits

Finance Optimisation GA Access to Finance Growth Showcase

Leadership & Management GA Leadership & Management

Productivity & Operational Improvement

MAS Efficiency

Supply Chains MAS Supply Chains

Closely linked to:

UK Export Finance

British Business

Bank Innovate UK Growth

hubs

Connectivity

GrowthCommunity

Growth Community

The role of GrowthCommunity is to support participants through their growth journeys by giving them access to knowledge, people, information and places that help them to unlock new commercial opportunities. GrowthCommunity brings together the leaders of England's most focused, dynamic high growth businesses to enable them to network, learn, and collaborate.

GrowthCommunity offers: Exclusive events Exclusive business growth content Supporter offers Network of high growth leaders Peer to peer support

Only Business Growth Service participants are eligible to become members of GrowthCommunity.

Product & Service Eligibility

To be eligible for the Business Growth Service, businesses must fit the European Union definition of a small to medium business: • Registered in the UK and based in England • Have up to 249 employees • Have turnover of up to £40m • Meet the EU definition of an SME

Larger manufacturers can also use our resources at market rates and benefit from our support for developing their supply chains.

* Note this is a conversion from the EU definition which in Euros is: €50M OR balance sheet < €43M. Periodically the conversion rate should be checked, particularly where companies are approaching the limit suggested above in £.

Participant Cost

Programme Price

GrowthAccelerator (BDC, A2F & GTI)

Micro (1-4 employees) £600 + £700 VAT Small (5-49 employees) £1,500 + £700 VAT Medium (50-249 employees) £3,000 + £700 VAT

Leadership & Management

50% contribution, capped to £2,000 per senior manager NB: Limits apply to number of senior managers per organisation

Manufacturing Advisory Service (MAS)

Max 50% subsidy (max value £3000)

Design Mentoring 50% subsidy (limits apply)

IP Audit No cost to the business, up to £3,000 support per business

Achievements

Over the past three years we have achieved some notable successes.

Combined these two services are on target to deliver at least £3.4bn of economic growth (GVA) and create 78,000 new jobs.

Businesses supported by GrowthAccelerator are growing 4x faster

97% would recommend the service

Since January 2012 MAS has helped 17,000 manufacturers improve productivity and address barriers to growth

We have helped to raise over £100 million in external finance

Case Studies

Business Development – Future Advanced Manufacturing

Key Achievements • Awarded a £1.5m contract to re-shore production back to the UK from China • 30% increase in turnover • Relocated to a new 38,000 sq ft facility • Created 20 new jobs

“We are reaping the benefits of tapping into their expert knowledge and will continue to work with MAS moving forward.” Craig Peterson, Managing Director, Future Advanced Manufacture Ltd. Cheltenham, Gloucestershire Manufactures a range of high precision components for the aerospace, oil and gas, marine and defence industries.

MAS Innovation – Growth Story

The Manufacturing Challenge Bringing a new product to life from nothing more than a few sketches. They were struggling to attract funding to turn a rough clay model into something more than just an exciting concept. The technology being used in the ‘Raptor’ was also unique and it required a lot of returning to the drawing board to iron out issues with battery life, weight and the steering mechanism. Manufacturing Action • Provided specialist support on the design and development of the

custom-made chassis and bespoke handling system. • Helped fund early testing at MIRA to help shape design work, which

led to the company adopting a rear-wheel drive mechanism.

Impact Created first UK road legal electric 3-wheeled vehicles. Created 7 jobs in Leicester R&D and 6 at production line in Dudley. Generated £1.5million in sales. Distribution agreements underway in 7 other countries.

Ecospin has seen demand for its 3-wheeled EPV come from all over the world, with 350 units already destined for distributors in the US and Australia Employees: 12 Turnover: £1.5 million Sector: Low Carbon Vehicles Location: Leicester and Dudley

To refer clients to the Business Growth Service and to find out more about how we can work together, please contact: Sector Lead 07816180681 [email protected] www.greatbusiness.gov.uk/businessgrowthservice 0300 303 0034