LOCAL AREA SUMARY:

Hertfordshire

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

Lamex Food Group
The Lamex Food Group distributes a variety of frozen and chilled food products.

JRL Group
JRL Group offers a comprehensive range of construction services such as concrete framing, demolition and bespoke project work.

BrightHouse
BrightHouse sells household goods including home electronics and furniture as part of a rent-to-own system, allowing customers to make weekly payments rather than paying upfront for the goods.

JSA Group
JSA Group operates an umbrella company of payroll and accounting businesses for the contracted and temporary working industry.

Churchill
Churchill offers security, cleaning, catering, building maintenance and a range of other professional services to businesses.

Top 5 Visible Scaleups by Turnover Growth

WGK
WGK provides a range of professional services to the pharmaceutical industry, including supply chain logistics, comparator sourcing and project management services.

Avinity
Avinity develops a variety of programmes for businesses which are designed to increase the satisfaction and retention of their customers and staff. These include customer incentive and employee engagement schemes, and the introduction of a staff recognition platform called AvinityAlive .

Focus Hotels Management
Focus Hotels Management provides management consultancy services for hotels.

Aspin Group
The Aspin Group of engineering companies designs and constructs foundations for railway lines.

West One Loans
West One Loans provides short-term bridging loans for commercial and residential properties.

Local LEP ScaleUp Programmes

Scaleups can access 2-12 hours of advice with a growth export and are signposted to a number of programmes. These include: Innovate 2 Succeed – a mentoring service to help SMEs enhance their innovative capabilities and exploit their ideas commercially; Get Growing which provides access to a Growth Account Manager who carries out an in-depth analysis of the business and puts a growth action plan in place and Business Expansion Grant Scheme – a capital grant scheme designed to help growing and scale up SMEs secure 50% grant funding to support major capital investment programmes to boost productive and digital capacity. In 2020 The Hertfordshire LEP SME Growth Loan Scheme. ws launched to help drive economic growth by providing ‘market gap’ funds to small and medium sized enterprises in the county.

Scaleup Views

The key barriers to growth are Talent , Markets and Finance. They are looking for support through LEPs/Growth Hubs, British Business Bank and Procurement contracts.

Top barriers to growth

  1. Talent
  2. Markets
  3. Finance

want TO SEE more of:

  • LEPs/Growth Hubs
  • British Business Bank
  • Procurement contracts

The LEP will continue to invest and expand the range of services delivered through the Hertfordshire Growth Hub. Following the success of BEGS scheme the LEP is considering a replacement programme after all ERDF funds are allocated. There are also plans to expand the Peer to Peer Networks programme, launch a pilot Service Innovation business support programme and a pilot Seed Equity Investment network.