Sunday, March 3, 2024

Entrepreneurs offered more help from Government under new scheme

A groundbreaking government scheme to boost the productivity and future growth of the country’s business community will benefit even more entrepreneurs from today.

The Help to Grow: Management scheme offers business leaders 50 hours of leadership and management training across 12 weeks, backed by £220 million of government funding, which covers 90% of the costs involved.

It means for as little as £750 business leaders can benefit from one-to-one support from a business mentor, access to a network of like-minded business leaders, and a bespoke growth plan to help the business reach its full potential.

The scheme offers development opportunities for leaders and their staff, boosting productivity and growing their companies which can lead to more high-skill, high-wage jobs. This is part of the government’s commitment to grow the economy to address the cost of living and level up opportunity across the UK, alongside standing behind businesses by cutting fuel duty and raising the Employment Allowance.

Until today, eligible businesses could only have one participant on the scheme. From today, businesses with 10 or more employees will be eligible to have up to two participants join the scheme. Additionally, previous participants on the Small Business Leadership Programme will now be eligible to join the scheme.

Today it’s also announced that top names including Santander, Vodafone and award-winning mentor Herman Stewart have signed up as volunteer mentors to support the Help to Grow: Management course.

Small Business Minister Paul Scully said: “Again and again, business leaders are telling us how much they are benefiting from the Help to Grow: Management scheme both personally, and in the results they see in their companies and from their staff.

“By expanding the scheme even further, more and more people will benefit from what Help to Grow: Management has to offer – including within the same business – and more organisations can thrive and grow.”

Courses have been running at business schools across the UK since June 2021. Feedback on the training has been excellent, with business leaders reporting they benefit from greater confidence in leading and managing their businesses as a result of their participation.

Find out more about the Help to Grow schemes on the dedicated website.

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