Nottingham to nurture growth firms
PLANS are under way to nurture 100 companies through an ambitious growth programme.
The scheme, a Nottingham City Council initiative, will see businesses join its Growth 100 programme, a key strand of its economic growth plan.
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Growth potential: Councillor Nick McDonald.
The Growth 100 package will give intensive support to firms to enable them to identify how best to position themselves for growth and investment.
The programme will include high-quality management coaching and the sharing of practical skills to help businesses reach their full potential and boost job creation.
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The council wants to hear from firms that want to join.
It is aimed at businesses that are committed to growth and expansion, which offer the best chance of creating employment.
The programme has been put together by Nottingham Business School and will be run by academic experts and local business leaders.
The programme is due to start early in 2013 and is free.
Councillor Nick McDonald, the authority's portfolio holder for jobs, skills and business, said: "This programme is the first of many initiatives within that Growth Plan, and is aimed at two types of business owners – those who might not have thought about expanding but believe their enterprise has the potential to grow, and those who own businesses with high growth potential requiring financial investment so needing a bespoke business plan to present to investors.
"We really want to hear from early stage businesses who believe they have the potential to grow, but feel they need additional support to do that.
"We want to find the best 100 businesses in the city with the most potential for growth and job creation."
Experian, the Nottingham business information company, group, has helped shape some of the Growth 100 plans by identifying sectors such as science and creative industries but it is open to every business.
"It could be a restaurant or coffee shop," he added.
The programme is part-funded by the European Regional Development Fund.
To apply businesses should request a registration form from Nottingham City Council by emailing businessgrowth@nottinghamcity.gov.uk or visit www.mynottingham.gov.uk/growth100.
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