Partner Article

GrowthAccelerator programme launched

The Government have launched its GrowthAccelerator programme, designed to help up to 26,000 UK SMEs achieve their growth ambitions.

The project is a partnership between the Government and the Private Sector, and will link business advisors with firms to help them identify and overcome any barriers to growth.

Key areas of focus will include securing finance, commercialising innovation, developing leadership and management capabilities.

The programme was launched by the Business Secretary Vince Cable at Huddle, a computer cloud collaboration company who will be taking part in the scheme.

He commented: “The UK boasts vibrant small and medium sized businesses that have the chance to become the household names of tomorrow.

The GrowthAccelerator will also fast-track clients to trusted providers of business advice, including UK Trade and Investment, professional advisers and Angel Investors.

This programme will complement the established network of business mentors, and will soon be joined by a new £10 million start-up loans scheme to give young people access to business advice and capital.

Business and Enterprise Minister Mark Prisk welcomed the launch, saying: “Entrepreneurs are the lifeblood of our economy and we are giving them the support they need to realise their potential.

It is also part of the Business in You campaign running this year, encouraging more people to start or grow their business throughout 2012 using the support services available.

This was posted in Bdaily's Members' News section by Ruth Mitchell .