Step Up For Business- Growth Programme

The growth support programme is for businesses who are ready to grow. Its a 4-month mentoring programme with an experienced coach. Working together you will develop a strategic plan and create a pragmatic action plan for implementation.

The programme is delivered by local growth specialists Good 2 Great and tailored specifically to your needs. All of the growth advisors have successfully run and grown companies of their own so they understand issues and challenges including time management so flexibility and efficiency is at the top of the list.

You also get 3-months free membership of the Good2Great Growth Club which is a additional support to help ensure that you can aim higher and achieve more.

The programme is management by Telford & Wrekin in partnership with Shropshire Council with match funding from the European Regional Development Fund (ERDF) which means it is free for your business.

You need to be trading more than 80% Business to Business (B2B) or working towards it.

Book your FREE place Register here

Or, if you need a quick chat first, please book a call with Johnny at a time to suit you, using this link  https://bit.ly/meetingwithjohnny

Extension of Recovery Loan Scheme

At the Autumn Budget 2021 the Chancellor announced that the Recovery Loan Scheme will be extended by six months to 30 June 2022.

Launched in April the scheme provides financial support to businesses across the UK as they recover and grow following the coronavirus pandemic.

You can apply to the scheme if Covid-19 has affected your business. You can use the finance for any legitimate business purpose – including managing cashflow, investment and growth. However, you must be able to afford to take out additional debt finance for these purposes.

From 1 January 2022, the following changes will come into force:

  • The scheme will only be open to small and medium sized enterprises (turnover <£45m)
  • The maximum amount of finance available will be £2 million per business (maximum amount per Group limited to £6m)
  • The guarantee coverage that the government will provide to lenders will be reduced to 70%

Different lenders will have different lead times for processing applications, and it may not be the case that applications made before 31 December will be subject to the current terms. Applicants should check with their preferred lender

For more information visit the website: Recovery Loan Scheme – British Business Bank (british-business-bank.co.uk)

NEW Alert Level System In Place

NEW Alert Level System In Place

As part of the continuous review cycle we have decided to adopt a new approach to Covid19 and we will be implementing this with effect from Monday 18th October 2021. From this date we will operate on two alert levels: Medium and High, to ensure that processes are simple and easy to follow. These are briefly described below and comparisons can be seen in the table. Full details of the approach / levels can be found in the guidance HERE. Please ensure you circulate this to your staff on site so they are aware of the impact when the alert level changes.

A warm welcome to Spotless AI Limited

A warm welcome to Spotless AI Limited, manufacturers of innovative consumer electronics who are developing a prototype autonomous cleaning robot

The company has recently relocated to the E-Innovation Centre at the University of Wolverhampton’s Priorslee Innovation Campus in Telford to develop and commercialise their product.

Experts from the SOLVD team at the University of Wolverhampton supports Telford & Wrekin and Shropshire small and medium sized enterprises (SMEs) in the adoption of digital technologies to improve productivity and profit has collaborated with Spotless AI to further develop the product towards commercialisation

Through an initial 12 hours of support, SOLVD experts in AI, 5G wireless communication, Industrial Internet of Things (IIoT) and cyber security have helped the company review their technology roadmap and strategy development and provided advice on control mechanisms and connectivity

You can find out more about the SOLVD team and how they could help your business at https://www.wlv.ac.uk/business-services/funding-and-support/solvd/

The case study for Spotless AI Limited can be read here