LOCAL AREA SUMARY:

Heart of the South West

Total number of scaleups

No. by employee growth

No. by turnover growth

No. by employee and turnover growth

Total employees

Total turnover

Top 5 Visible Scaleups by Employee Growth

Gregory Group
Gregory Group operates a storage and distribution company, specialising in transporting dairy, industrial waste liquid and palletised items.

Troy
Troy wholesales a catalogue of tools, construction wear and janitorial equipment from a wide range of suppliers.

Pro:Direct Sport
Pro:Direct Sport operates an online sporting goods store.

Silverline Tools
Silverline Tools manufactures and supplies a variety of hand tools, power tools and accessories.

Cavanna Homes
Cavanna Homes operates a housing construction company, specialising in new build residential developments.

Top 5 Visible Scaleups by Turnover Growth

Akkeron Group
Akkeron Group invests in and develops hotels and other leisure outlets including Plymouth Pavilions and Suite Hospitality.

SMC Garage Group
SMC Garage Group operates a number of car dealerships that sell new and used SEAT vehicles and provide servicing.

Touts Budgens
Touts Budgens owns and operates franchises of petrol forecourts, pharmacies and other retail outlets.

TQR
TQR provides recruitment services to a range of sectors such as legal and automotive.

Devonshire Homes
Devonshire Homes provides property development services.

LOCAL LEP SCALEUP PROGRAMMES

The Heart of the South West is combining strong knowledge of the barriers faced by high-growth businesses locally with good practices identified from outside the area through the work of SUI and others in order to develop and deliver its local scaleup programme. It has partnered with Inspire to deliver its Elite programme which has been run successfully in Swindon and Wiltshire. Inspire’s programme combines peer-to-peer networking and education, one-to-one advice, and mentoring of senior management team. It refers participants to other programmes as relevant, including Goldman Sachs 10,000 Small Businesses UK. In 2020 Inspire launched the Inspire Virtual Board to give businesses access to an experienced group of mentors who have either scaled their own company or operated at senior level in the corporate world.

Scaleup Views

The key barriers to growth are Markets in the UK, Equity finance/Growth capital and Talent. They are looking for support through local or national government, public sector funding for innovation/R&D, British Business Bank and Innovate UK.

Top barriers to growth

  • Markets in the UK
  • Equity finance/Growth capital
  • Talent

want TO SEE more of:

  • Local or national government
  • Public sector funding for innovation/R&D
  • British Business Bank
  • Innovate UK

As in previous years, the LEP will again continue to seek feedback from participating businesses to ensure the activity and support available to them is right for their needs, while maintaining a flexible approach in response to COVID-19.