The government has today, 7th December 2014, announced the launch of the Business Growth Service which consolidates GrowthAccelerator and the Manufacturing Advisory Service (MAS) along with schemes from the Intellectual Property Office (IP Audits) and the Design Council (Design Mentoring) into a single service.
The Business Growth Service will make it easier for businesses with the potential, capability and capacity to improve and grow to access expert advice and support. Businesses that require export support will be referred from the Business Growth Service to UK Trade & Invest and UK Export Finance. The service is also closely linked to InnovateUK and the British Business Bank.
The Business Growth Service builds on the successes of existing services GrowthAccelerator and MAS, both of which are delivering tangible growth. Together, GrowthAccelerator and MAS are on target to deliver at least £3.4bn of economic growth (GVA), create 78,000 new jobs, and in the case of MAS, safeguard a further 50,000 jobs. Firms supported by GrowthAccelerator are growing over four times faster than the average small and medium sized business. Since January 2012 MAS has helped around 17,250 SME manufacturers improve their productivity and address barriers to growth in both individual firms and within supply chains.
The vision has always been clear – to provide the leaders of businesses with exactly the kind of expertise, insight and networks that they need to overcome barriers and achieve their goals. This would not be possible without your support and we thank you for the contributions you have made to the success of GrowthAccelerator and MAS. We will continue to work with our stakeholders and intermediaries to add value to our clients through joint events and the identification of referral opportunities. Over the coming months we will be inviting you to engage with us on a local level to discuss the integration and to discover how we can continue to deliver support to the businesses across the country.
Grant Thornton UK LLP, which is currently responsible for GrowthAccelerator and MAS, will deliver the Business Growth Service with its sub-contractors. If you would like to discuss how we can work together in the future in more detail, please contact your local Business Growth Manager or the National Stakeholder Manager, Lisa Taylor (firstname.lastname@example.org, 0207 728 2514).