Impact for scaleups
Scaling [or high growth] business leaders have participated in 10KSB UK
More jobs created by graduates as a result of 10KSB UK
On average, graduates grow employment by 54% within 2 years of graduating
Say they are more effective leaders
Have some form of international activity
More than 1,700 businesses have now graduated from Goldman Sachs 10,000 Small Businesses UK (10KSB UK) since its launch in 2019. They have benefited from a highly-successful four-month programme that helps accelerate the growth of high-potential businesses through practically-focused business and management education.
Businesses that are successful in their application are offered over 100 hours of education – fully-funded by the Goldman Sachs Foundation. 10KSB UK works in partnership with Oxford University Saïd Business School and Aston University Centre for Growth as well as the Business Schools of Leeds University and Manchester Metropolitan University to deliver the programme.
The programme includes three residential sessions and rotates between residential and online learning. Students are offered specialist workshops, one-to-one business advice and business coaching, access to professional experts, networking and peer learning opportunities in addition to high quality, applied business learning. During the course of the programme every business owner develops a customised Growth Plan to direct their organisation’s business strategy and expansion.
Studies of the impact of 10KSB UK show that alumni grow revenue 16 times faster and grow jobs 13 times faster than UK businesses generally; 74% increase the training opportunities provided to staff, 62% launch a new product or service in the year after completing the programme and 71% seek external financing.
In October 2019, independent research into the future of small businesses in Britain found that 10KSB UK graduates are optimistic with 92% expecting to experience turnover growth over the next 12 months. They believe that the programme has helped them develop as business leaders and equipped them to maximise the opportunities of the future. More than nine out of ten graduates feel more prepared to deal with uncertainty and change and seven out of ten feel better placed to capitalise on new opportunities brought about by technological innovation since completing the programme.