Impact for scaleups
Business supported since 2012
Jobs created since 2012
Developed new products or services
45% of jobs created have been for women & 30% for people from BAME backgrounds
Public money Benefit Cost Ratio for Scaleups
Increase in GVA 2016-2019
The British Library’s Innovating for Growth has continued to provide expert support to London-based enterprises with high-growth potential in overcoming barriers to scale their businesses.
Launched in 2012 the programme is co-designed and delivered by the British Library Business & Intellectual Property Centre (BIPC) and private sector partners. It comprises seven modules and is underpinned by the Business Model Canvas as well as the wealth of business intelligence and IP information held in the BIPC. A dedicated researcher helps businesses to find the information they need.
Its success has been evidenced in an interim project evaluation by EIS published in November 2020, which concluded the programme represented the best benefit cost ratio and cost per job figures in comparison to other innovation programmes. It highlighted the contribution the Innovating for Growth programme has made to the UK economy through an increase of £45.6m GVA over 2016-2019 alone.
In response to the Covid-19 pandemic all support offered on Innovating for Growth was moved online. The British Library has found that the digital delivery model provides more flexibility and more members of senior teams have been able to participate. As a result, the scaleup founders have been able to use the programme to develop comprehensive growth strategies and further develop their teams who will ultimately help to implement the growth strategies produced through the programme.
In the past year alone the programme has supported 75 scaleup businesses, who have reported over 60 new products and/or services developed and created 152 jobs. The BIPC now has an alumni network of more than 600 scaleup businesses.