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Home » News » Berkshire Growth Hub Part of Successful National Support Programme for Small Businesses with Big Plans
The Thames Valley Berkshire Growth Hub welcomed new data that shows that over half a million businesses have been helped by Growth Hubs across England.
The national research demonstrates the tangible benefits of Growth Hub support, with business that have been in contact with a Growth Hub growing faster than other businesses both in terms of turnover (9% for beneficiaries compared to 2.5% on average), and employment (8% for beneficiaries compared to 0.1% for the comparison group). As of October 2017, England’s Growth Hub network has helped 11,459 individuals to start a business, made 105,356 referrals to public/private support and has provided diagnostic and brokerage support to 65,595 businesses.
Oxford Innovation took over the Berkshire Growth Hub project, funded by the Local Enterprise Partnership and the European Regional Development Fund, in 2017. There are over 43,000 small to medium sized businesses registered in Berkshire, and the Growth Hub’s fully funded, impartial and actionable help and support services are available to anyone starting or expanding their own business.
The Growth Hub recently relaunched its website at www.berkshirebusinesshub.co.uk with a new self-service function that provides specific help and advice depending on each visitor’s business requirements, interests and stage of development. Existing small businesses with the desire and drive to grow can also apply, via the website, for the specialist High Growth programme with tailored advice from a Business Champion.
The Berkshire Growth Hub’s Marketing and Partnerships Manager, Anna Fowler, said: “We know that Berkshire is a great place to do business, and Growth Hub success at a national level has spurred us on to support even more local SMEs to not only start up, but to develop and thrive.
“We’re beginning to see the first of our High Growth clients come through this stage of the programme. We will be keeping in touch with them as they launch new products and services, expand their workforce or seek new funding, and we will be reporting back on their success stories.
“With clients ranging from manufacturers to service providers, software programmers to Community Interest Companies, we help Berkshire entrepreneurs from all walks of life to successfully grow their businesses.”
Robin Barnes, Director and Enterprise Lead for the Thames Valley Berkshire LEP added: “Access to high quality, relevant business support and advice is one of the main barriers to the growth for small to medium sized companies. We have over 43,000 businesses in Berkshire and one of the highest proportions of fast growing firms in England, so it is imperative that our businesses are able to fulfil their full potential and receive the support they require at every stage of their development.”
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