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 double the amount of investment they put in. So a business investing £1,500 would receive £3000 worth of 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 still honour the deal.
Donnie Dhillon from ActionCOACH said the government has pulled the rug from under thousands of small businesses in the London area.
“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”
“SMEs are the backbone of the UK economy and I’m really disappointed that the government has shelved it so early in their term. This type of funding is essential for small businesses. It’s a matter of principle and that’s why I am so committed to supporting them however I can.”
By removing financial support the government has passed the gauntlet to those in the private sector to support business growth, and many support services will face an overwhelming challenge. However at ActionCOACH, we understand business owners are willing to invest in commercial value and since 1993 through testing and measuring over 3,500 business growth strategies and tactics, we have developed a toolkit, which enables our business growth specialists to guarantee a ROI for any UK business owner.
To take advantage of this support and to get in touch with Donnie Dhillon, please call 020-3637-4554 or email email@example.com