A One stop place to fast forward growth in local SMEs of all sizes.
Whether a start-up in need of a growth strategy, an established company looking to increase profitability, or somewhere in between, the Growth Hub is able to assess business needs and provide ad-hoc advice at different stages of the company’s growth process.
Although the Growth Hub does not personally deliver any support program, its aim is to signpost SMEs to specific business support organisations and networks, by providing a one stop shop to all needs of growing businesses in our Region.
The Growth Hub's strength lies in combining real-world business experience with public sector insight and influence.
Whether needing support to raise capital, increase workforce, ramp up production or identify export or supply chain opportunities, the Growth Hub provides tailored, commercially focused and joined-up advice that’s free, impartial and delivered with one goal in mind: growing the bottom line.
Currently, costs average £300 000 per year.
The CW Growth Hub is partially funded through ERDF, administered by Coventry and Warwickshire Local Enterprise Partnership.
Evidence of success
Since 2014, the Growth Hub has helped more than 2,800 businesses grow.
It also 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 any kind of business support.
This model has now being ruled out across to other Regions.