Upscaling Derbyshire and Nottinghamshire firms can get funding and support from new programme

Businesses in Derbyshire and Nottinghamshire looking to grow are invited to join a new programme of events and workshops made up of tailored academic and business support, with funding also available.

The new High Growth Academy aims to equip scaling businesses with the skills, knowledge and resources they need to innovate and grow sustainably. The Academy is delivered by East Midlands Chamber on behalf of EMCCA (the East Midlands Combined County Authority) and in partnership with the University of Derby, University of Nottingham and Nottingham Trent University. 

The Academy is part of the wider High Growth Accelerator project that has received £450,352 from the UK government through the UK Shared Prosperity Fund (UKSPF). It is open to businesses that can demonstrate 20% annual growth in revenue, employment, or market share over the past three consecutive years. 

High Growth Academy support includes:

• A series of workshops reflecting the needs of businesses at different stages of their growth journeys: ‘Growth Drivers’ for early-stage businesses with sessions on subjects such as sales, leadership and emerging markets; and ‘Growth Builders’ for senior leaders in more established businesses, with sessions on subjects such as governance, structure and performance management
   
• Monthly High Growth forums enabling businesses to access support, hear from industry experts and share insight with peers. The first forum, taking place on 6th November, “Big Business, Small Feel: Strategy, Systems, and the Human Touch” will be led by Professor Marvin Cooke OBE, former Executive Vice President for Manufacturing at Toyota Motor Europe. It will explore how organisations can maintain a personalised, human-centred approach while scaling operations through strategic planning and robust systems

Additional support to help businesses with their growth journeys is being offered as part of the wider High Growth Accelerator project:

• One-to-one business support from a High Growth Adviser including advice, mentoring and diagnostic support on areas of relevance to the business
   
• Innovation Vouchers of up to £5,000 to support businesses in accessing specialist support from university innovation delivery centres including on food innovation, chemistry innovation, aerospace technology, precision manufacturing, design matters, and virtual and immersive production
   
• Student placement support of up to £2,000 to cover the salary cost of an intern for a minimum 8-week period to work on a defined project including, for example, developing new products, bringing new products to market or increasing sustainability
   
• Training bursaries of up to £2,000 to attend one of the Chamber’s highly regarded Commercial Training courses, including its Director and Manager Development Programmes

East Midlands Chamber Deputy Chief Executive Diane Beresford said: “Growing at pace is only possible if the business has the right products, processes and people in place. Together with our partners at the University of Derby, University of Nottingham and Nottingham Trent University, East Midlands Chamber has curated a programme of expert High Growth Academy support through its High Growth Accelerator project.

“Our aim is to equip businesses with the skills and knowledge they need to rise to the challenges of today’s business environment, not least tackling recruitment, skills, cashflow and funding concerns. Whether a business is seeking to drive innovation, improve how it manages its finances, adapt its structures or coach its leaders and emerging leaders in high performance, we have the expertise and resources to turn ideas into real action.”

The Mayor of the East Midlands Claire Ward said: “Businesses across the East Midlands have boundless potential for growth, but those same businesses tell me every day just how few hours in the day there are to think and plan for this. The High Growth Academy makes that space, drawing on the East Midlands Combined County Authority’s UKSPF funding but also expertise from business and academia. So, whether your business is starting or scaling, this could be the programme for you.”