Coventry & Warwickshire Growth Hub deliver bespoke advise and support on a range of key issues from a single point of contact.
Coventry & Warwickshire Growth Hub delivers bespoke advice and support on a range of key issues for business allowing them to cut through time-consuming bureaucracy and accessing a single point of contact.
The growth hub has a wealth of backing from professional bodies, support services and networks along with an array of resources at their fingertips.
The advisors are skilled at identifying the best initiatives for each unique business out of many complicated regional and national support services. Essentially the growth hub helps cut red tape while business owners get on with driving their business forward.
Whether a business want to raise capital, increase its workforce, ramp up production or identify export or supply chain opportunities, The growth hub provide tailored, commercially focused and joined-up advice that’s free, impartial and delivered with one goal in mind: growing each businesses bottom line.
This measure is part funded through ERDF by Coventry and Warwickshire Local Enterprise Partnership.
Resources will entail funding a physical space and financed available to support specialist advisers to deliver the bespoke advice. Currently the team counts 6 specialist advisers and mentors looking after a geographical sub-areas of the region. The costs should avg £300K inc support team per year
Evidence of success
Funding was secured for a 1 year pilot which has continued for 4 years.
The goal of Coventry & Warwickshire Growth Hub is to simplify and rationalise business support by acting as a central source of information and advice within a defined local area. This support generated a blanket of better support in the region. To date it created approximately 2400 jobs, added £89000 in gross value and secured more than £65M in private sector investment for companies they have supported.
Potential for learning or transfer
This initiative makes the process of accessing support for businesses a ‘one stop shop’. Previously businesses would have had to visit numerous agencies to receive specialist support but now it’s housed under one roof making companies more likely to access support and such as specialist export trading advice. This practice is Transferable if a region can host a hub which can advise SMEs on all facets of SME business advice.
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