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10,000 Small Businesses UK Programme

Congratulations to director Gavin Power for his recent completion of the Goldman Sachs 10,000 Small Businesses UK programme.

The course was designed by leading experts to specifically address the support gap for small enterprises, unlocking the economic and job creation potential of their businesses. It was launched in 2010 and runs in partnership with the Said Business School at Oxford University, the Aston Centre for Growth at Aston University, Leeds University Business School at University of Leeds and the Manchester Metropolitan University Business School at Manchester Metropolitan University.

The course is a combination of online and in-person residential sessions spanned over four months, with some learning taking place at the University of Oxford. After a nationwide search for applicants, Gavin passed the interview and selection process, allowing him access to the programme and its specialist workshops, business coaching and professional networking opportunities. The course is fully funded by the Goldman Sachs Foundation, a New York based not-for-profit foundation with initiatives to support and develop entrepreneurs worldwide.

Participants of the course learn to identify and execute the steps necessary to enable them to scale their ventures, create employment and expand into new markets. Each small business owner develops a customised Growth Plan throughout the programme to direct their organisation’s business strategy and expansion.

According to data, graduates from the programme are three times more likely to create new jobs than other small businesses in the UK (growing employment at an average of 31% per year), and twice as likely to increase turnover than other businesses (growing revenue at an average of 81% per year).  Charlotte Keenan, Head of the Office of Corporate Engagement at Goldman Sachs, has said “By being strategic, seeking out information and securing finance, UK small businesses do not have to wait to ‘grow global’.”

We excitedly anticipate the implementation of Gavin’s Growth Plan this year and the positive effects it will have on NOVO moving forward.

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