What is a scale-up business?
As defined by the Scale-Up Institute:
A ‘scale-up’ is an enterprise with average annualised growth in employees or turnover greater than 20 per cent per annum over a three year period, and with more than 10 employees at the beginning of the observation period.
What is the role of the ScaleUp Institute?
The ScaleUp Institute builds on the pioneering research and recommendations published in the 2014 Scale-Up Report. The Institute collaborates with policy makers, corporate partners and educational establishments to take these recommendations forward, to track the targets set out in the report, and to make a real and identifiable impact.
The Institute states that closing the ‘scale-up gap’ has the potential to deliver:
- Up to 150,000 additional jobs by 2034, across every region of the UK
- As much as £225bn (net) towards UK GDP, from 2015 to 2034
- Increased productivity in all sectors of the economy
Need support to ScaleUp?
A wealth of fully funded (yes free!), specialist support is available to businesses in Devon, Plymouth, Somerset and Torbay with aspirations to become the ScaleUp businesses of tomorrow. We have categorised this support by the main challenges facing ScaleUp and aspiring ScaleUp businesses.
Our Growth Hub team are on hand to help you navigate the support landscape and put you in touch with the right schemes to help you identify new opportunities and realise your ScaleUp business aspirations.
Get in touch with an adviser today or take a look at the many options available to you:
Access to markets at home and abroad
Building Leadership Capacity / Access to Talent
Space and Infrastructure
Get in touch
Contact the Growth Hub team to find out about support available locally.
03456 047 047
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