The Northwest Regional Development Agency (NWDA) and the NW European Regional Development Fund have launched this new High Growth business support programme designed to help businesses in the region with starting and developing High Growth Businesses. The programme also provides coaching for High Growth that will support and grow the North West economy.
The current difficult business environment presents new challenges for growing a business. Historically, only about a quarter of small businesses achieve growth in any given year with around 7% of new VAT registrations achieving high growth over an extended period.
There are still opportunities for those businesses with the aspirations for significant growth, and all businesses must prepare to take advantage of the longer term upturn in markets.
Providing support is essential and this project will be targeted towards businesses from all sectors with high growth potential whether at pre-start, start-up or existing stage. In total around 1000 businesses will be supported by the programme which is expected to deliver over £250M additional GVA with a resulting 2000 additional jobs.
