BIS helping small businesses


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Business Support Delivery
Amerjit Basi, Team Leader, Business Support Delivery, Enterprise Directorate,
Department for Business, Innovation & Skills

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BIS helping small businesses

  1. 1. Helping Small Businesses Amerjit Basi
  2. 2. 2 Small Businesses • UK is already a great place to set up a business: almost 500,000 new businesses were created in 2012 • Small business makes a huge contribution to the economy and generates around half of UK jobs: – SMEs represent over 99% UK private sector businesses – 59% of private sector employment and – 48% of private sector turnover • Small businesses drive economic growth by stimulating innovation, acting as a competitive spur to existing businesses and making a disproportionately large contribution to job creation
  3. 3. 3 Small Business: Great Ambition Government is making it easier for growing businesses to: • Finance business growth • Hire people • Develop new ideas and products • Break into new markets • Get the right support at the right time • Get on with doing business
  4. 4. 4 Right support at the right time 1 • Businesses tell us they want support (information, advice, guidance) • Businesses tell us that support brings significant benefits almost 6 in 10 SME employers who use strategic advice believe they have improved business performance as a result • Small businesses that grow are more likely to have sought support • But less than 50% seek such support Why? • Businesses tell us it is mainly because it is too hard to find and work out what would be most useful
  5. 5. 5 Right support at the right time 2 – Growth Hubs • We want to help businesses access support, and make it simpler and clearer to understand • Government can’t do this alone • Lots of organisations offer support – across the public sector, third sector and private sector • Many work together now but businesses tell us more can be done to join-up • Welcome work being done at the local level to establish growth hubs: a joined-up service through which all business support is brought together – and which will offer a single place businesses can go to get help • The success of growth hubs will be down to bringing partners together to be able to offer a clear and coherent business support service across a locality
  6. 6. 6 Growth Hub development • Growth hubs are being developed now at the local level – roll out across England during 2014 and 2015 • Local Enterprise Partnerships, as the lead bodies responsible for strategic economic development, leading on these, often with cities • 2 in existence – Manchester and Cumbria • 15 others operational from April 2014, and others in development • Universities key partners in nearly all of these developments e.g. in establishing them, delivering services, part of governance
  7. 7. All Growth Hubs – January 2014 draft 7 Wave 2 Cities GHs 1. 2. 3. 4. 5. 6. 7. 8. Black Country (no. 1) Buckinghamshire Thames Valley Cheshire & Warrington Coast to Capital Cornwall & the Isles of Scilly Coventry & Warwickshire Cumbria Derby, Derbyshire, Nottingham & Nottinghamshire 9. Dorset 10. Enterprise M3 11. Gloucestershire 12. Greater Birmingham & Solihull 13. Greater Cambridge & Peterborough 14. Greater Lincolnshire 15. Greater Manchester 16. Heart of the South West 17. Hertfordshire 18. Humber 19. Lancashire 20. Leeds City Region 21. Leicester & Leicestershire 22. Liverpool City Region 23. London 24. New Anglia 25. North Eastern 26. Northamptonshire 27. Oxfordshire 28. Sheffield City Region 29. Solent 30. South East 31. South East Midlands (No. 7) 32. Stoke-on-Trent & Staffordshire 33. Swindon & Wiltshire 34. Tees Valley 35. Thames Valley Berkshire 36. The Marches 37. West of England 38. Worcestershire 39. York & North Yorkshire 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 15 B 5 the Black Country Bournemouth/Poole Brighton and Hove Coventry and Warwickshire Hull and Humber Ipswich/Norwich Milton Keynes (SEMLEP) Oxford and Central Oxfordshire Plymouth Reading Southampton and Portsmouth Southend Stoke and Staffordshire Swindon and Wiltshire Tees Valley Existing GHs A, Manchester B. Cumbria A 13 6 1 4 Numbers/Letters = right hand list 7 6 Existing GH 8 12 14 10 11 2 9 11 3 GH in development
  8. 8. 8 What does this mean to you? 1 • Universities’ role in supporting small businesses recognised in the development of growth hubs around the country • Many examples - University of Gloucester’s partnership with Gloucestershire LEP to establish the growth hub; to universities being involved as very active partners e.g. Plymouth, Black Country, Brighton & Hove • The expertise that universities bring to business are being brought into growth hubs - important this continues • Good for universities in their reach out to small businesses, good for growth hubs as the unique skills of universities e.g. in research, evaluation and other areas can help ensure identification of what works and what doesn’t – locally and across national network of growth hubs
  9. 9. 9 What does this mean to you? 2 • We are also encouraging those offering direct business support to use the national information, resources and services available – part of core service in growth hubs • Ensure consistent and accurate advice given to businesses • Frees up your resources, no need to duplicate what’s already on offer nationally – so you can make even better use of what you offer to businesses • Helps to tackle the complexity and confusion small businesses say they experience when seeking advice • Small Business Charter will include in its criteria university business schools links to growth hubs and appropriate use of national resources
  10. 10. 10 What does this mean to you? National resources • GOV.UK – information, tools and resources (can be used under own name) • Volunteer business mentors • National schemes such as GrowthAccelerator, Manufacturing Advisory Service, UKTI etc • SME digital capability i.e. • Exporting capability i.e. Open to Export
  11. 11. 11 Conclusion • Welcome hearing from you about: – links with growth hubs – your support to businesses and use of national information, resources, services – potential for innovative use
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