As part of the Growth Accelerator service, Participating companies are automatically entitled to a Government Matched-funding grant worth £2,000 per manager towards training related to Leadership or Management.
This “Leadership & Management” grant is available to businesses with an annual turnover of up to £40m p.a. with up to 250 Full-Time employees.
For information on this service, please refer to the “ Leadership Management” document.
The department for Business, Innovation & Skills (BIS) are also currently asking The Association for Project Management to run a pilot scheme to test how well small businesses respond to coaching vs. training. As a result businesses turning over between £250,000 p.a. and £2,000,000 p.a. can access the aforementioned grants at no cost. The ‘catch’ in this pilot is that, if the company is selected (at random) to receive coaching as well, they must pay £700 VAT (which is reclaimable in the usual manner) and must have that coaching. This pilot scheme has a limit of just 600 places, which are filling up quickly. Businesses in this size bracket looking for training in the new year can sign up to this scheme now, with a view to securing the funding for training in the new year.
For information on this pilot, please refer to the “ Growth Impact Pilot” document.
For information on the service as a whole, please refer to the “ About GrowthAccelerator” document.