Building on GetSet’s success supporting over 1,000 businesses in Cornwall, Bournemouth and East London, and one of five newly launched services thanks to the RGF, GetSet Solent will support the growth of thousands of ambitious businesses through a unique combination of marketing and finance support.
The service will also play an active role in helping businesses to access finance for growth, building on its 98% success rate for helping clients secure funding totalling over £3 million to date.
The launch of the service will be welcome news to many businesses that need support on the road to growth. The Department of Business, Innovation and Skills’ 2014 Small Business survey found that despite 73% of UK SMEs claiming aspirations for growth, only 28% feel confident about entering new markets and almost half have had difficulties in accessing finance to achieve this growth.
Bev Hurley, Chief Executive of YTKO Group claims:
“Since launching GetSet in 2013, the service has more than proven its success at helping businesses combat the two biggest barriers to growth – finding enough profitable customers and accessing finance. This latest investment from the Regional Growth Fund is further validation of this, and we’re delighted to be able extend our support to businesses in Solent.”
‘Ambitious but stuck’ businesses from all sectors and of all sizes will be eligible to apply for this new fully funded support but will need to demonstrate both their intention and potential to grow in order to qualify. Once accepted into the programme, businesses will receive a tailored package of support, comprising both masterclasses and hands on 1:1 expert advice, aimed at targeting their specific challenges and increasing their knowledge, confidence and management skills.
Highly experienced commercial marketing and finance professionals, many of whom have had first hand experience running their own businesses and overcoming these challenges, will help SMEs create robust, strategic growth plans, build effective marketing and sales strategies designed to increase organic growth, and identify and secure sources of finance.
GetSet Solent’s Project Director, Matt Giles says:
“There are so many companies in Solent who have the potential to take their business to the next level, but need help getting there and the current support provision simply doesn’t cater to the vast majority of these businesses. It’s wonderful to be able to respond to this clear market with a unique programme of support that’s already proven its impact on more than 1,000 UK businesses.”
Over the coming weeks, the GetSet Solent team will be actively reaching out to local businesses that may benefit from the programme. The teams will also work closely with a range of local and national partners – to explore new opportunities for supporting the growth of local SMEs. Key partners include: Solent LEP, Portsmouth City Council, Southampton City Council, Lloyds Banking Group, KPMG, URICA and Bibby Financial Services.
Business owners that would like to apply for this fully funded support should visit: getsetforgrowth.com/solent or call 0800 917 7044.