Members' Meeting October 2013


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The Business Group Salford, Members' Meeting October 2013

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  • GM Business Finance
    The GM Business Finance approach addresses the finance 'gap' by providing loan, equity and access to finance services to GM SMEs, where commercial finance cannot or currently will not be provided, helping to:
    Stimulate growth.
    Create employment and Safeguard employment, especially in areas of high Public Sector job losses.
    Providing opportunities to fund those people wishing to stabilise or develop their businesses.
    Contribute to business survival rates.
    GM will address the current failure in the market place for loan and early stage equity finance by providing an alternative range of finance products supported by focused ‘Access to Finance’ investment readiness support and growth services.
    Increased scale of available funding through a suite of products
    Improved support in accessing and being ready for that funding, and
    Investment support through the Business Growth Hub (BGH).
  • Members' Meeting October 2013

    1. 1. Ursula Stawik & Charlotte Broad – On The 7th Janine Smith – Business Growth Hub Joe Flanagan – University of Salford Louise Murray – Salford CVS Business Group Update
    2. 2. Business Growth Hub Janine Smith – Growth Start Up Manager Connecting people, creating opportunities
    3. 3. Core hub activities • Growth lunches encouraging growth community – sponsored by Cobbetts, KPMG, NatWest • Specialist seminars – Intellectual property • Growth conferences – e.g. Accessing Finance, Manufacturing • Events in GM districts – LAs embedded in Hub offer • Expanding the offer – Business Growth Groups – Sector work Connecting people, creating opportunities
    4. 4. Business Growth Hub progress to date • • • • • 4,000 plus engagements since the launch of the Hub Hub has attracted 2,000 plus event attendees 128 referral partners now in place Core processes for diagnostic & advice in place Hub team now in place managing referral network, enquiries, diagnostics /advice, events etc • Locally engaged teams • City Deal means financial viability pre and post 2015 • £4.8m ERDF secured to enhance the hub & partners Connecting people, creating opportunities
    5. 5. Hub’s growth start up offer • Intensive programme of support for those establishing/growing a business • Delivered by a team of experts who have been through it themselves • Support available includes :– Initial 1 day workshop to explore enterprise delivered throughout Greater Manchester. – High impact master classes covering topics such social media, accessing finance, taking a product to market, marketing understanding finance, selling and networking – One to one support to launch & grow the business – Particular help and support to access finance – Specific start up networking events and opportunities on a monthly basis Connecting people, creating opportunities
    6. 6. Who Are We Currently Working With? • Examples of potential new businesses we are currently working with – a business developing a new green oil for bikes which will outperform others in the marketplace – A new product to keep joints warm whilst doing extreme sports – An Art Gallery – Digital Media - a number in this arena • Range of complementary start up programmes e.g. – Growth Accelerator – social start up – Universities – Start up Loans for Young People Connecting people, creating opportunities
    7. 7. Growth Mentoring • • • • • Delivered by ‘Business People for Business People’ and provides one-to-one mentoring support that will help leaders of growth businesses achieve their professional goals. What makes the Business Growth Hub Mentoring different The hand picked bank of mentors is very diverse coming from a multitude of sectors and back grounds. The mentee gets intense support from a mentoring advisor to prepare them for their journey. The mentoring match is conducted on an individual case. The mentoring journey is managed by the mentoring team. A chance to ask the expert – a bank of top flight business people that are offering their time to answer specialist questions. Connecting people, creating opportunities
    8. 8. Growth Support The Growth Support service will aim to fill a current gap in the market for a cohesive & strategic business support package for businesses that have the required Growth rates. All activity will be planned and based from an outline Scoping document, created, developed and agreed with the Client from a face-face meeting. Benefits to the Client: • Strategic development, planning & support for Client businesses • Integrated support starting from a Shared Diagnostic with anticipated output results/summary (agreed with Client). • ALL areas considered: Finance/Marketing/Operations/Recruitment, etc. • Develop the diagnostic into an on-going, developmental plan e.g. Business Plan (for expansion, spin-outs), strategy documents (with timescales & budgets) for areas such as Marketing, NPD, Change Management, etc, or Growth Manager face-face consultancy. Connecting people, creating opportunities
    9. 9. Financing for business growth • A2F & NW Business Angels transferred from NWDA • Funded via ERDF and local partners • Referral arrangement in place with providers of alternative finance including NW Fund, Small Loans for Businesses providers • Referral / decline agreement in place with banks – NatWest / RBS and Yorkshire Bank Hub partners – HSBC, Nationwide & Lloyds/TSB becoming partners through BBA pilot Connecting people, creating opportunities
    10. 10. Working with the national programmes • UKTI closely aligned with the Hub • Internationalisation as route to growth • Directly delivered • Close working with local partners • Promotion and two way referrals • Joint ERDF bid with Hub • MAS integrated with Hub offer • North West delivery partner • ERDF bid under development Connecting people, creating opportunities
    11. 11. Contact us to find out more! Phone: 0161 359 3050 Email: @bizgrowthhub Business Growth Hub Connecting people, creating opportunities
    12. 12. Working with Business Joe Flanagan Consultancy Manager 0161 295 4776
    13. 13. Engaging with the University of Salford Contract Research CPD Consultancy Collaborative Research Licensing Placements Academics Projects Analytical Labs Students Facilities/ equipment Employment Acoustics VR suites Theatres & studios Structures Lab Human Performance Aeronautics
    14. 14.
    15. 15. The Business Group Salford: Established in 1999. Almost 1000 members throughout every ward in Salford and the surrounding areas Sole Traders, Ltd Companies, Partnerships, Charities, Community Organisations, Co-operatives, Social Enterprises, Public Sector, Further Education Institutions, PLCs Reiki for pets, laughter yoga, belly-dancers Green energy, robotics, precision manufacturing Turnover from £3k - £0.5bn
    16. 16. Events: Speed Networking – 28th November Winter Social – 12th December Members’ Meeting – 30th January Seminars February – July DEPICT Software Testing – 19th November CVS: Business Planning – 12th December Tendering – 28th January
    17. 17.   5th June – Salford City Stadium Open: Beginning January. Close: Probably end of February.
    18. 18. DEPICT Students/Graduates ELIEMental Community Enterprise in Broughton Environmental Innovation Challenge Social Knowledge Exchange
    19. 19. Salford Social Enterprise Support Network •Raise awareness of available support by sign posting to specialist support organisations. •Work with SEs and partners to agree on a universal citywide method to measure and translate social value. •Work towards helping Salford become recognised nationally as a Social Enterprise City. •Hold regular events either in the format of ‘social enterprise forums’ used in this project or in the form of action learning sets exploring solutions to issues faced by local SEs. •Raise the profile of Salford’s SEs and raise levels of understanding of social enterprise throughout the City. •Encourage mutual trade between the region’s SEs. •Work with existing business support providers to ensure that their services are improved, adapted and developed to effectively meet the needs of SEs, particularly those organisations offering start-up support, financial/funding advice and help to trade internationally. •Seek to influence local government policy on behalf of SEs.
    20. 20. - News/Funding/Events Newsletter Sign-posting Sponsorship/Advertising/Upgraded directory listing Donate: Volunteer – Mentors and business advisors
    21. 21. Survey: