Scaleup programmes
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Goldman Sachs 10,000 Small Businesses UK [2022]
Leadership Capacity
Impact for scaleups
1,900+
Scaling high-growth business leader participants
£2.8bn
Participants combined revenue
88%
Expect to increase the number of people they employ in the next two years
68%
Plan to introduce new or improved products or services in the next two years
63%
have invested in R&D during the pandemic and 62% plan to invest in R&D in the next two years
Key sectors
More than 1,900 entrepreneurs have completed the Goldman Sachs 10,000 Small Businesses UK (10KSB UK) programme since its launch in 2010. The programme offers participants 100 hours of education – fully-funded by the Goldman Sachs Foundation.
It provides business education, networking and mentoring and is delivered in partnership with Oxford University Saïd Business School and Aston University Centre for Growth. It is designed to accelerate the growth of high-potential businesses through practically-focused business and management education.
High quality applied business learning takes place over three residential sessions and online. Students can also access specialist workshops, one-to-one business advice and business coaching, access to professional experts, networking and peer learning opportunities. Alumni take away a customised Growth Plan to direct their organisation’s business strategy and expansion and can access a range of support and resources including ongoing business coaching opportunities and a publicly available, digital resource hub for small business support.
The 10,000 Small Businesses – Engines of Growth report demonstrates the impact of 10KSB UK over the past decade. The report highlights that 10KSB graduates are significantly more likely to have grown over the last 12 months than comparable high-growth small businesses, both in terms of revenue and job creation. 26 per cent of alumni businesses noted annual turnover growth by more than 20%; and 47 per cent of alumni increased the number of people they employ since the start of the pandemic, compared with only 26 per cent of their high-growth peers. 82 per cent implemented new working practices, 69% launched a new product or service during the pandemic and 88 per cent have accelerated changes to their use of digital technologies.
Based on the success of 10KSB UK and informed by research showing that investing in education for women could close a range of gender gaps, the 10,000 Women programme was launched in 2020. The programme provides business and management education, mentoring and networking opportunities, and access to capital to women entrepreneurs to help them grow their businesses. A free to all, accessible online version of the course is available to all women around the world. Past participants can join a global alumni network with ongoing access to support and resources, including the opportunity to attend a week-long Fellowship programme offering business coaching and training to further encourage business growth.
