Newable & partners secure grant funding to deliver the next phase of the Government’s Help to Grow Management scheme
Newable is one of three small business support providers that has won grant funding to deliver voluntary mentoring as part of the government’s flagship Help to Grow: Management course.
A consortium of small business support providers, led by business support group Newable, and including Enterprise Nation and the Association of Business Mentors has won grant funding to deliver the next phase of the Government’s flagship Help to Grow Management initiative to help the UK’s small businesses raise productivity.
Small business support platform Enterprise Nation, Newable and the Association of Business Mentors have together secured a grant from the Department for Business, Energy and Industrial Strategy (BEIS) to develop a network of business leaders and experts who will share their skills and experience with firms on the training and development programme.
The Help to Grow Management scheme was launched by Chancellor Rishi Sunak in August 2021, with the long-term target of reaching 30,000 businesses with leadership support.
So far, that has delivered a heavily-discounted 12-week course via more than 50 business schools, which is open to businesses with five or more employees. The next phase will give eligible small firms access to free one-to-one mentoring from experienced leaders to help take their business to the next level.
Chancellor Rishi Sunak said: “Help to Grow Management is aimed at boosting productivity, allowing business owners to focus on the elements in the business that can have the greatest impact. We are delighted to be working with this consortium which will signal the next phase of this important scheme to help businesses reach their potential at an earlier stage – and boost the economy.”
The mentoring scheme
The Enterprise Nation support platform that is being deployed matches thousands of small business owners to support each day and Help to Grow Management will leverage smart technology and data to specifically match small business owners to mentors across the UK based on region, sector, and support need. Help to Grow mentees will have the ability to track progress through their personalised dashboard, as well as receive tailored actions and recommendations on a daily basis.
Chris Manson, CEO of Newable, who leads the consortium’s bid, said:
Helping small businesses to grow is at the core of Newable’s mission. The Help to Grow mentoring offering is a winning combination to encourage experienced mentors to volunteer their valuable time and expertise to support the growth of ambitious SMEs at all stages of business growth.
By leading this programme, we will be able to leverage our extensive experience of helping over 43,000 businesses to thrive each year, plus the expertise and experience of our partners at Enterprise Nation and the Association of Business Mentors, to help businesses on the Help to Grow programme take their business to the next level.
Emma Jones, CBE, founder and CEO of Enterprise Nation, who is part of the consortium’s bid, said: “Small businesses tend to be set up by individuals with a great idea and a passion to take it forward. That doesn’t always include management skills and strategic planning.
“Help to Grow Management allows founders to focus on the key strategic skills they need to stretch and flex their enterprise muscles. Bringing on board a mentor can consolidate the skills business owners have learned on the 12-week course, with the skills of the mentor gained over a professional career. It’s a powerful combination and we’re delighted to be part of this consortium.”
The national mentoring programme commences in August from which point businesses participating in Help to Grow Management will be matched with a voluntary mentor who will guide their action plan over a ten-week period.
Mentors will benefit from access to training, qualifications and membership of the Association of Business Mentors community and support network, plus being part of mentor peer groups.