Goldman Sachs 10,000 Small Businesses (2016-2017)
Regional programme to accelerate the growth of high potential small businesses to create jobs and grow economies. There are 250 competitively selected new participants per year, forming cohorts of 25-30 entrepreneurs.
The 10,000 Small Businesses programme is targeted on high-growth small businesses in the UK, providing education and training delivered by six universities. The programme is free of charge and is financed by the Goldman Sachs Foundation. Each year 250 small businesses are competitively selected to take part. Participants report an average annual increase of 23 per cent in their net employment compared to one per cent for UK small businesses; and an increase in turnover of 16 per cent compared to a fall of 9 per cent for other small businesses, adding £266 million in total revenues.
This programme is associated with Recommendation 8 of the Scale-Up Report.