Impact for scaleups
Scaling high-growth business leader participants
Better helped to prepare for Covid-19 and equipped for future growth
More jobs created by graduates as a result of 10KSB UK
Say they are more effective leaders
Have increased the training opportunities they provide to staff
Seek external financing after graduating
Businesses selected for the Goldman Sachs 10,000 Small Businesses UK (10KSB UK) receive 100 hours of education – fully-funded by the Goldman Sachs Foundation. More than 1,800 entrepreneurs have graduated from the programme since its launch in 2010.
The programme provides over 100 hours of 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.
In response to Covid-19, the programme provided a range of support and resources to alumni of the 10KSB UK program. This has included ongoing business coaching opportunities and launching a publicly available, digital resource hub for small business support. Alumni have been surveyed at regular intervals to understand the impact of Covid-19 on small businesses; 95% of businesses have said that 10KSB UK helped to prepare them for Covid-19 and equipped them for future growth.
Based on the model developed through 10KSB UK, in 2020 Goldman Sach launched a new worldwide initiative to support female entrepreneurship, 10,000 Women. This programme provides women entrepreneurs with a business and management education, mentoring and networking, and access to capital. A free to all, accessible online version of the course has now been launched in response to the Covid pandemic.
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.