January 14, 2016
So, what happens next after Growth Accelerator funding has been withdrawn for SME’s around the UK?
Hundreds of small and medium sized businesses across the region will be breathing a sigh of relief today with news that ActionCOACH, the number one business coaching franchise in the world, is stepping in to help them after the Government announced it was winding down its Business Growth Service.
Launched in 2012, Growth Accelerator (GA) was a £200m scheme designed to help up to 26,000 small businesses in England grow. It was a scheme which many businesses in our area chose to take up, giving them access to subsidised business advisers and coaches.
Under the Growth Accelerator scheme, SMEs had the opportunity to receive funding of up to £1,500 towards business expertise and advice.
Now with thousands of businesses left reeling after the scheme's funding was cut in the budget, as part of the Government's £84m saving plan, ActionCOACH says it will honour the funding as an act of good faith to the local businesses.
Roger Pemberton the local Action COACH for Norfolk and North Suffolk, feel the government has pulled the rug from under thousands of small businesses.
Roger Pemberton said: “The Growth Accelerator initiative has been a huge commercial success. Without exception, businesses I have coached as part of GA have shown remarkable increases in profitability and job creation as well as giving them a sense of satisfaction.”
By removing financial support the government has passed the gauntlet to those in the private sector to support business growth, and many will face an overwhelming challenge, but for ActionCOACH this is a real chance to practice what they preach.
To find out some more about Roger please look at his website here - http://www.actioncoach.com/rogerpemberton. To take advantage of this support and to get in touch with him, please call 01508 494414 or 07511 969690 or email firstname.lastname@example.org.