Business Secretary Appoints Best Business Brains Ready to Boost Help to Grow: Management Program
- Business Secretary Kwasi Kwarteng Announces Business Leaders Spearheading Government’s New Growth Aid Program: Management Program
- Members of the Expert Advisory Board include top business leaders from CBI, NatWest and Goldman Sachs
- Announcement made during a speech at Scaleup Week, which brings together government and business to help support businesses looking to boost growth
Business Secretary Kwasi Kwarteng today (May 18) issued a rallying cry to UK businesses, urging them to grow through the government’s growth aid package: management.
Speaking at Scaleup Week, the Business Secretary unveiled the members of the program’s expert advisory board, including Lord Karan Bilimoria, President of the Confederation of British Industry (CBI), Alison Rose, CEO of Natwest and Managing Director of Goldman Sachs Charlotte Keenan.
The board will provide expert advice to ensure the program meets the needs of small businesses.
The Help to Grow: Management program is a new executive training program offered by leading business schools in the UK. This 12-week course will combine a hands-on curriculum with 1: 1 mentoring from a business expert, peer learning sessions to give companies the opportunity to learn from each other and a network of alumni. .
At the end of the program, participants will develop a bespoke business growth plan to lead their business to its full potential.
The program is 90% government funded and will launch at the end of June. It will help enterprising small businesses seize all opportunities to grow and is an important part of the government’s jobs plan, which promotes opportunity and stimulates employment as we recover from the pandemic.
Today, applications are open for top business schools. Companies can also register their interest in the program now: https://helptogrow.campaign.gov.uk/.
Classes will start from the end of June.
Business Secretary Kwasi Kwarteng said:
“After such a difficult year for UK businesses, Scaleup Week is the time to highlight how fast-growing companies are adopting new technologies and ways of working to change the way they do business.
“Helping small businesses learn from the best will be essential to better recover from the pandemic. Our new team of experts will ensure that 30,000 small and medium-sized businesses across the UK receive the best advice on how to innovate, reach new customers and increase profits in order to grow their businesses. and create more jobs. “
Chancellor of the Exchequer Rishi Sunak said:
“Growing our small businesses, improving the skills of our workforce and stimulating investment are at the heart of our jobs plan.
“Our Help to Grow program will equip thousands of SMEs with the skills and technological know-how that will enable them to succeed. It’s great to have a solid roster of distinguished business leaders on board to help implement this ambitious agenda.
Helping Growth: The branch aims to help 30,000 small business owners increase productivity, invest and grow their businesses, while improving productivity across the UK.
By helping enterprises to adopt modern management techniques and business technologies, the government will unleash their potential and help improve every part of the country.
The members of the Expert Advisory Board appointed by HM Treasury are:
- Charlotte Keenan (President) – Managing Director Goldman Sachs
- Alison Rose – Managing Director of NatWest Group
- Terra Allas CBE, Director of Research and Economics, McKinsey (member of the BtB Productivity Leadership Group)
- Mark Hart, Deputy Director, Enterprise Research Center (ERC)
- Anthony Impey MBE, CEO, Be the Business (member of the BtB Productivity Leadership Group)
- Ann Francke OBE, CEO, The Chartered Management Institute
- Lord Karan Bilimoria CBE DL, President, Confederation of British Industry
- Byron Dixon OBE, CEO of Micro-fresh
- Karen Lynch, Non-Executive Director of Social Enterprise UK
- Nickyl Raithatha, CEO of Moonpig and Managing Director of Moonpig PhotoBox
The government is working to make the UK the best place in the world to start, grow and grow a business. Government action to support small businesses includes:
- Facilitating over £ 8 billion in financing through the British Business Bank, which supports over 90,000 SMEs. The Start Up Loans program, also run by the British Business Bank, has made over 80,000 loans across the UK worth over £ 722.3million since the program began in 2012.
- An action plan to unlock more than £ 20 billion of investment in innovative and high-potential companies. As part of this, British Patient Capital – a wholly-owned commercial subsidiary of the British Business Bank – received £ 2.5 billion to help UK companies with high growth potential access the long-term financing they need. to develop.
- Tackle late payments, including through the Small Business Commissioner and the recently revived Quick Pay Code, which sets standards and best practices in payment culture