Latest News

18 Feb

Public sector contracts probed in first Quarterly Economic Survey

The extent to which smaller firms are able to access public sector contracts is being probed in the first East Midlands Chamber* Quarterly Economic Survey (QES) of the year.

18 Feb

Business space available at at1.SPACE

Unique space available at1.SPACE Located on Triumph Road, NG7, next to the Nottingham University Jubilee Campus and the QMC hospital.

18 Feb

New facility will improve patient care by speeding up medical product development

Plans have been submitted for a new facility focusing on the commercialisation of medical devices and technologies, which is seeking major D2N2 Local Enterprise Partnership funding.

D2N2 Growth Hub ScaleUp

 


About
Definition of a scale-up business
Characteristics of scale-up businesses
Common barriers to achieving high growth
Who is delivering D2N2 Growth Hub ScaleUp? 
What is D2N2 Growth Hub ScaleUp and its advantages to a business?
Application process and next steps
Is D2N2 Growth Hub ScaleUp right for my business?
Contact us

About D2N2 Growth Hub ScaleUp

If your company is growing at a pace that is hard to manage, then D2N2 Growth Hub ScaleUp could be the ideal solution.

Delivered in partnership by Nottingham Trent University and East Midlands Chamber, this exclusive and unique programme provides specific, tailored and intense high-growth business support.

As an invitation-only scheme, D2N2 Growth Hub ScaleUp is open to a limited number of high-growth enterprises that are growing rapidly or planning to do so.

Businesses that are scaling up; have the potential to scale-up; or are ambitious to grow and scale-up will be considered for the programme.

Benefits of joining D2N2 Growth Hub ScaleUp include access to a customised range of proven business support workshops, peer-to-peer events and a management development programme, enhanced by a grant scheme to subsidise the cost of additional support.

(D2N2 Growth Hub ScaleUp is supported by the European Regional Development Fund to support eligible SMEs in Derbyshire and Nottinghamshire.)

Definition of a scale-up business

D2N2 Growth Hub ScaleUp is being made available exclusively to a limited number of companies in three categories of high-growth business:

Scale-up businesses - businesses with at least 10 people, turnover between £1m- £45m and annual growth of 20%+ for the last three years.

Potential scale-up businesses - businesses with at least 10 people, a turnover of £1m- £45m and that have achieved some of the scale-up criteria, such as annual growth of 10%+ for the last three years or 20% + for the last two years.

Ambitious businesses – D2N2 Growth Hub ScaleUp recognises that not all businesses will fit the above criteria but can still demonstrate their potential to scale-up and achieve some or all of the scale-up characteristics outlined below.

Characteristics of scale-up businesses

A vision to believe in
Its people are invested in the businesses and understand how they contribute towards its success and future prosperity. They also see personal growth potential in addition.

A solid business team
The Management Team all share a desire for growth. They embrace challenges and empower teams to provide solutions and innovation. They are aware of their internal capabilities and seek external support where this is missing.

A process that is documented
Internal processes are proven and run smoothly. The business can demonstrate delivery of product and project on a consistent basis. It has contingency built in, being agile and flexible when needed.

Investment in growth
The business has the reserves and appetite to invest in growth. Investments in new technologies are planned and “time” investment in people creates an environment of learning and mentoring.

A digital advantage
Scale-ups embrace technology and innovation openly, using it to their advantage.

Common barriers to achieving high growth

As a successful business, there may be many challenges influencing your ability to take the next steps and scale-up, such as:

  • Lack of clarity of the actions needed to sustain your business growth performance
  • Variable individual and team performance
  • Working at full capacity, but not achieving full profitability
  • Limited access to new customers and markets
  • Inadequate processes and structures in place to support further growth
  • Lack of appropriate skills, talent and capabilities – including in your management team

D2N2 Growth Hub ScaleUp recognises and understands these challenges, and our ScaleUp Advisers through a diagnostic review can identify and tackle these barriers and help you to take the necessary steps to grow your business.

Who is delivering D2N2 Growth Hub ScaleUp?

D2N2 Growth Hub ScaleUp is a partnership between:

Nottingham Business School, Nottingham Trent University (NBS)

East Midlands Chamber (Derbyshire, Nottinghamshire , Leicestershire)

The delivery partnership combines academic excellence in leading-edge business thinking and practice with qualified, highly experienced business coaches and trainers who work extensively with scale-up and high-growth businesses. These will be supported by dynamic business communication and networking to build an established presence across the D2N2 region and provide the valuable, practical and effective support that high growth and scale-up businesses need and want.

What is D2N2 Growth Hub ScaleUp and its advantages to a business?

D2N2 Growth Hub ScaleUp will provide the following support programme, tailored to your specific needs and scale-up requirements:

A critical review of your individual scale-up challenges and opportunities

Leadership and management development programmes to enhance your skills

Workshops focusing on identifying and accessing potential markets, sales and marketing, access to finance and innovation

Personalised support through an executive peer-to-peer network – so that you can learn from others

Access to high quality coaching to help you identify and achieve your growth goals

Access to talent and onward referral to support your future needs.

With this wide array of activities, diverse range of organisations and the exclusive group of participating businesses, D2N2 Growth Hub ScaleUp aims to create an active and dynamic support community that will help develop both the individual businesses and, collectively, the interaction and profile of those businesses.

Application process and next steps

Once a business makes contact, it will undergo initial eligibility checks, followed by a Diagnostic Review which will result in an Action Plan to determine which parts of the project the business should access to support their growth.

Is D2N2 Growth Hub ScaleUp right for my business?

  1. Is your business currently growing or looking to grow or scale-up?
  2. Are you at a point where you need additional support to continue to grow?
  3. Could you benefit from support that would help you to:
  • identify and exploit opportunities to scale?
  • become a successful scale-up leader able to embrace and lead change?
  • achieve more from your team to make scaling up achievable?
  • sell a wider range of products to more customers in more markets?
  • delight your customers and improve business processes to support scaling up?
  • create the cash flow resources that could underpin scaling up?
  • access the finance you need to scale-up and grow?
  • reduce the mistakes that could inhibit scale-up?

Contact us

If you believe D2N2 Growth Hub Scale Up is for your business please complete and return our questionnaire or contact us for a no obligation discovery call:

T: 0333 006 9178

Email: info@d2n2growthhub.co.uk 

 

*D2N2 Growth Hub ScaleUp is the delivery name of the Upscaler ERDF Project.

Please click here to view the national Annual ScaleUp Review 2018