£32m wave 2 growth hub programme 02 december 2014 tracy milsom claims and monitoring manager
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£32m Wave 2 Growth Hub Programme
02 December 2014Tracy MilsomClaims and Monitoring Manager
What is a Growth Hub?
Target all businesses with an ambition to grow Facilitate a conversation with local businesses, raising awareness and uptake of
public and private sector support at both the local and national levels Provide a light-touch diagnostic and triage function that directs businesses to the
most appropriate support Ensure that any online portal:o Aligns with the national portal on gov.uk and links to national campaigns, such
as the 'GREAT' SME campaigno Provides fast access to local and national support schemes o Makes use of existing national assets, including web content, the Business link
helpline, mentoring resources etc. o Complements and enhances national provision
Provide effective, support to local businesses
What do they do?Business Support
Grants Bespoke Support Coaching, training, events
• Capital • Revenue • SME Innovation • Start Up Grants• High growth
innovation programme
Includes schemes with a substantial face-to-face element and/or a high level of contact with businesses.
In addition, these are typically schemes where the level of spend per business is high (relative to business size), implying the potential impact on participating businesses is large.
Includes schemes that involve contact with large numbers of businesses at a low level, with a low level of spend per business.
Growth Hubs to serve as a single point of reference for SMEs looking for support to grow
Support SMEs so that they are able to create jobs, increase productivity and competitiveness, innovation, investment and sustainability
Provide local businesses with improved access to a national network of relevant, cost effective business support, resources, advisers, investors, further and higher education institutions
Establish a peer to peer Growth Hub network enabling the sharing of good practice and co-ordinated approaches to hub development and delivery
W2GH Programme - Objectives
Example image
Deliver a £32m W2GH Programme by 30 June 2015
Achieve 2:1 private sector match on the business support costs
Create 2500 new jobs
W2GH - Contractual Targets
Experience of operating and successfully delivering programmes of scale: £31m EU funded projects working with SMEs, other Universities, private sector organisations
Lancaster University Management School experienced in the design and implementation of formative and summative evaluation underpinned by key research activities
RGF Secretariat experienced in the monitoring and management of large projects involving a wide range and number of delivery partners
Why Lancaster University?
W2GH Networking Events
Example image1. Notification to Cities – 29 November 2013 2. Compliance & Monitoring Training Day, The Work Foundation – Jan 2014 3. Inaugural Workshop of the Business Growth Hub Network – Jan 2014 4. Stakeholders and Networks – March 2014 5. Building Excellence in Wave 2 Growth Hubs – July 20146. What Does Good Evaluation Look Like? – July 2014 7. Supporting SMEs in Manufacturing – Oct 2014 8. Supporting SMEs in Trade – Nov 20149. Wave 2 Growth Hub Programme Showcase – 08 Dec 2014.
Keynote Speaker: Rt Hon Lord Heseltine CH. 10. Reflecting on Practice – Jan 2015 (TBD)11. Sustainability and Next Steps – Feb 2015
W2GH Evaluation
Evaluation and Metrics Framework developed with BIS and the Cabinet Office Logic Model
o To help W2GH develop their own local evaluations; this is coupled with support from Lancaster University as required
Formativeo Designed to improve the performance of the Growth Hubso Consideration of the challenges faced by the hubso Identification of what works well, difficulties and lessons learnedo Sharing best practice across the Growth Hub network
Summativeo Examine and estimate the overall impact of the programmeo Underpinned by key research activities: Mapping, Counting Outputs, Measuring Outcomes,
Building Counterfactual evidence through analysis
W2GH Core Metrics
Identifying the business:o Business name, address and Companies House Referenceo Size, age and sector
Describing the support:o Type of support provided o Purpose of the fundingo Number of businesses supported o Key dates
Performance indicators:o Analytical datao Information on unsuccessful applicantso Additionality questions
Over 25,000 SMEs have engaged with the Growth Hubs Over 1,900 SMEs have received bespoke business support or
grants Over 400 contracts with SMEs to the value of £16.5m
o £11.3 private sector matcho £5.2m RGF
Business support has led to the commitment (to date) from SMEs of the creation of over 1,800 new jobs.
325 New Jobs created overall (to September)• 4 during Jan - Mar• 57 during Apr - Jun• 264 during Jul - Sep
W2GH Achievements
Our Model
Lessons Learned
Going Forward
Discussion
Further Information
Dr Amy Gibbons, W2GH Programme Manager, [email protected].
Nicola Ronan, W2GH Evaluation Manager, [email protected].
Tracy Milsom, Claims and Monitoring Manager, [email protected]
Twitter: www.twitter.com/wave2growthhubs
Website: www.lancaster.ac.uk/lums/wave2