Posted: July 4, 2014
Burgess Hodgson is now recognised as Growth Voucher adviser, the new government scheme offering subsidised advice to the UK’s small businesses.
The Growth Vouchers programme is a £30 million fund that will enable small firms across the country to access expert support through a central marketplace. The scheme will offer vouchers to randomly selected qualifying businesses.
The scheme, which was originally announced by the Chancellor in his 2013 Budget, will connect businesses with advisors in the following five categories: managing cashflow, late payments, and negotiating finance; developing skills and taking on staff; improving leadership and management; marketing, attracting, and keeping customers; and making the most of digital technology.
Growth Vouchers are available up to a value of £2,000, and they will cover 50 per cent of the total spend – in other words, the government will match your spend up to £2,000. Businesses are free to spend more than a total of £4,000 on advice, but the government will only contribute a maximum of £2,000.
A business applies online and, if they meet the qualifying criteria, they are randomly assigned to an online questionnaire or a face-to-face interview to identify which business area they would benefit from advice in most.
To be eligible a business must have 49 employees or less (including any employees of companies that own a stake in your business); be registered in England; have been actively selling goods or services for at least 1 year; not have paid for strategic business advice in the last 3 years; be independent (ie no more than 25% is owned by other businesses or organisations).
Any business with a Growth Voucher requiring help with negotiating finance, payments and cashflow should contact Richard Stewart on 01227 454627 or email firstname.lastname@example.org. The scheme is only available to new clients.