Growth Vouchers

31st January 2014

Want help to access expert advice in areas like finance and marketing to help your business grow?

This week, the Government has launched its new Growth Vouchers scheme that could actually prove really helpful to small businesses.  The idea is that the scheme will help small businesses get expert advice to increase their chances of surviving and prospering.

20,000 businesses are expected to receive subsidies of up to £2,000 to help finance specialist business support in the following areas:

  • Finance and cash flow
  • Recruiting and developing staff
  • Improving leadership and management skills
  • Marketing, attracting and keeping customers
  • Making the most of digital technology

You will be required to match the amount of the subsidy with your own funds and you’ll be asked to take part in surveys to find out how the programme has helped you.The vouchers can only be spent with registered Growth Voucher advisers and you can seach for these on Enterprise Nations Marketplace.

Only businesses that have been running for a year, have fewer than 50 employees, and have not paid for strategic external advice in the last 3 years can apply.

As registered Growth advisers we hope this scheme will allow some of our clients to apply for funding which would allow us to provide additional financial support to grow their businesses. For example, if you are currently on our Business Essentials package the funding could allow you to go onto our Planning for Profit package. This package provides budgeting and forecasting assistance as well as regular meetings to discuss and monitor progress.Take a look at ourpackages page for further information.

If you are interested in applying for Growth Vouchers you can check the criteria and apply online via the GOV.UK Growth Vouchers page.