4 May 2016
Growth Builder announces first cohort
Growth Builder, the business growth programme designed by entrepreneurs for entrepreneurs, has today announced the first cohort of 48 businesses selected to participate in the 12-month programme.
The first of its kind to work with Government, universities including Loughborough, entrepreneurs and leading UK corporates, Growth Builder has been built specifically to help established British businesses that want to take on the next stage of growth.
The cohort consists of businesses from a range of sectors including Digital and Technology (32%), Professional Services (17%), Construction (10%), Manufacturing (8%) and Wholesale and Retail trade (8%) with full-time, permanent staff ranging between two and 232 (the average number of FTEs is 40). On average the businesses taking part are hitting £4.5m revenue a year, and are looking to take on the next growth challenge.
Companies taking part were picked based on existing proven successes and their potential for further growth by a panel of esteemed industry experts, including David Chapman at the UCL (University College London) School of Management; Paola Cuneo at UKTI, and Alistair Brew at Business Growth Fund. The panel was looking for businesses with either £1.5m revenue or 20 staff and that have grown by more than 20% per year for the past two years.
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