members' meeting october 2013

Ursula Stawik & Charlotte Broad – On The 7th

Janine Smith – Business Growth Hub

Joe Flanagan – University of Salford

Louise Murray – Salford CVS

Business Group Update

Connecting people, creating opportunities

Business Growth Hub

Janine Smith – Growth Start Up

Manager


Core hub activities

• Growth lunches encouraging growth community– sponsored by Cobbetts, KPMG, NatWest

• Specialist seminars– Intellectual property

• Growth conferences– e.g. Accessing Finance, Manufacturing

• Events in GM districts– LAs embedded in Hub offer

• Expanding the offer– Business Growth Groups– Sector work


Business Growth Hub progress to date• 4,000 plus engagements since the launch of the Hub

• Hub has attracted 2,000 plus event attendees

• 128 referral partners now in place

• Core processes for diagnostic & advice in place

• Hub team now in place managing referral network, enquiries, diagnostics /advice, events etc

• Locally engaged teams

• City Deal means financial viability pre and post 2015

• £4.8m ERDF secured to enhance the hub & partners


Hub’s growth start up offer• Intensive programme of support for those establishing/growing a business

• Delivered by a team of experts who have been through it themselves

• Support available includes :-

– Initial 1 day workshop to explore enterprise delivered throughout Greater Manchester.

– High impact master classes covering topics such social media, accessing finance, taking a product to market, marketing understanding finance, selling and networking

– One to one support to launch & grow the business

– Particular help and support to access finance

– Specific start up networking events and opportunities on a monthly basis


Who Are We Currently Working With?• Examples of potential new businesses we are currently working with

– a business developing a new green oil for bikes which will outperform others in the marketplace

– A new product to keep joints warm whilst doing extreme sports

– An Art Gallery

– Digital Media - a number in this arena

• Range of complementary start up programmes e.g.

– Growth Accelerator

– social start up– Universities– Start up Loans for Young People


Growth MentoringDelivered by ‘Business People for Business People’ and provides one-to-one mentoring support that will help leaders of growth businesses achieve their professional goals.

What makes the Business Growth Hub Mentoring different • The hand picked bank of mentors is very diverse coming from a multitude

of sectors and back grounds.• The mentee gets intense support from a mentoring advisor to prepare

them for their journey. • The mentoring match is conducted on an individual case.• The mentoring journey is managed by the mentoring team.• A chance to ask the expert – a bank of top flight business people that are

offering their time to answer specialist questions.


Growth Support

Benefits to the Client:

• Strategic development, planning & support for Client businesses

• Integrated support starting from a Shared Diagnostic with anticipated output results/summary (agreed with Client).

• ALL areas considered: Finance/Marketing/Operations/Recruitment, etc.

• Develop the diagnostic into an on-going, developmental plan e.g. Business Plan (for expansion, spin-outs), strategy documents (with timescales & budgets) for areas such as Marketing, NPD, Change Management, etc, or Growth Manager face-face consultancy.

The Growth Support service will aim to fill a current gap in the market for a cohesive & strategic business support package for businesses that have the required Growth rates. All activity will be planned and based from an outline Scoping document, created, developed and agreed with the Client from a face-face meeting.


Financing for business growth• A2F & NW Business Angels transferred from

NWDA

• Funded via ERDF and local partners

• Referral arrangement in place with providers of alternative finance including NW Fund, Small Loans for Businesses providers

• Referral / decline agreement in place with banks

– NatWest / RBS and Yorkshire Bank Hub partners

– HSBC, Nationwide & Lloyds/TSB becoming partners through BBA pilot


Working with the national programmes• UKTI closely aligned with the Hub• Internationalisation as route to growth• Directly delivered

• Close working with local partners• Promotion and two way referrals• Joint ERDF bid with Hub

• MAS integrated with Hub offer• North West delivery partner• ERDF bid under development


Contact us to find out more!

@bizgrowthhub

Business Growth Hub

Phone: 0161 359 3050

Email: [email protected]

Working with BusinessWorking with Business

Joe FlanaganJoe FlanaganConsultancy ManagerConsultancy [email protected] [email protected] 0161 295 47760161 295 4776

Engaging with the University of Salford

Students

Academics

Facilities/ equipment

Placements

Employment

Consultancy

Contract Research Collaborative

Research

StructuresLab

HumanPerformance

Acoustics

Theatres& studios

AeronauticsVR suites

Analytical Labs

Projects

CPD

Licensing

www.salford4good.org

http://www.www.salford4good.org/

The Business Group Salford:

Established in 1999.

Almost 1000 members throughout every ward in Salford and the surrounding areas

Sole Traders, Ltd Companies, Partnerships, Charities, Community Organisations, Co-operatives, Social Enterprises, Public Sector, Further Education Institutions, PLCs

Reiki for pets, laughter yoga, belly-dancers

Green energy, robotics, precision manufacturing

Turnover from £3k - £0.5bn

Events:

Speed Networking – 28th November

Winter Social – 12th December

Members’ Meeting – 30th January

Seminars February – July

DEPICT Software Testing – 19th November

CVS:Business Planning – 12th DecemberTendering – 28th January

5th June – Salford City Stadium

Open: Beginning January.Close: Probably end of February.

DEPICT

Students/Graduates

ELIEMental

Community Enterprise in Broughton

Environmental Innovation Challenge

Social Knowledge Exchange

Salford Social Enterprise Support Network

•Raise awareness of available support by sign posting to specialist support organisations.•Work with SEs and partners to agree on a universal citywide method to measure and translate social value.•Work towards helping Salford become recognised nationally as a Social Enterprise City. •Hold regular events either in the format of ‘social enterprise forums’ used in this project or in the form of action learning sets exploring solutions to issues faced by local SEs.•Raise the profile of Salford’s SEs and raise levels of understanding of social enterprise throughout the City.•Encourage mutual trade between the region’s SEs.•Work with existing business support providers to ensure that their services are improved, adapted and developed to effectively meet the needs of SEs, particularly those organisations offering start-up support, financial/funding advice and help to trade internationally.•Seek to influence local government policy on behalf of SEs.

www.thebusinessgroup.org - News/Funding/Events

Newsletter

Sign-posting

Sponsorship/Advertising/Upgraded directory listing

Donate: www.localgiving.com/thebusinessgroup

Volunteer – Mentors and business advisors

http://www.thebusinessgroup.org/

http://www.localgiving.com/thebusinessgroup

Survey:

www.thebusinessgroup.org/news/the-business-group-salford-2013-survey/