Annual Scaleup Review 2018

Introduction

Kelly Tolhurst MP
Small Business Minister and Scale Up Champion for Government

High growth businesses are a critical part of our economy and make a significant contribution to economic growth and national productivity. The number of scaleups is increasing, driving job creation and growth right across the country. The UK is home to c35,000 scaleups, making us one of the leading OECD countries for our share of high growth businesses.

Through our modern Industrial Strategy this Government is taking forward a package of measures to help businesses to scale up and improve their productivity, with a dedicated action plan to unlock over £20 billion of investment in innovative and high potential businesses, including a £2.5bn investment fund incubated in the Government- owned British Business Bank. Our network of 38 Growth Hubs provides a local point of access to the range of support available to help businesses overcome the barriers to growth.

Having run my own business, I am acutely aware of the challenges fast growing businesses face and I am determined to use my role as Scale Up Champion to create the right conditions for businesses to succeed.

The ScaleUp Institute is a key partner for us in this endeavour, helping drive forward this work and making a real difference to scaleups across the country through their research and education programmes.

I look forward to continuing to work with the ScaleUp Institute on this exciting agenda.

Kelly Tolhurst MP

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