Impact for scaleups
£5.2bn
Value of contracts won
9,100
Jobs created and secured
82%
have noted increase in workforce knowledge and skills
79%
introduced new or improved processes/practices
79%
improved leadership and management behaviours
Key sectors
Action through supply chains
Launched in 2013, Sharing in Growth (SiG) is working with aerospace supply chain companies to improve their productivity and competitiveness and be better placed to win a share of the global aerospace market. As a result more than 80 scaling companies on the programme have attracted nearly £135 million of private sector investment which helped to secure more than £5.2 billion in contracts – equivalent to more than 9,100 high-value jobs. The majority of these jobs (89%) are based outside London and the South East.
In 2020 offshore wind – a significant growth sector – was added to the programme of targeted support that comes from SiG’s 100-strong team of business coaches as well as a network of global experts including the University of Cambridge’s Institute for Manufacturing, Deloitte and the National Physical Laboratory.
Complex challenges resulting from the economic shock of Covid-19 and the transition to new trading arrangements with Europe and beyond has made the key programme deliverables of accelerating productivity, diversifying and winning new customers vital. In 2021, BEIS published an independent assessment showing evidence of impact, linked to SiG’s approach to transform the resilience and competitiveness of UK supply chain companies. More specifically, the report found that the programme had a significant impact on employment and turnover, while after completion of the programme, the scaling businesses’ average turnover had grown by 30% more than the control group companies. Additionally, it showed positive impact of SiG on leadership attitudes and behaviours, and business strategy which also led to improvements in wider workforce engagement, confidence and behaviour to implement changes within businesses.
SiG has continued to strengthen its remote learning offer, adding over 25 subject specific webinars and producing over 60 case studies and other online resources. SiG has also continued to provide safe onsite support when conditions have allowed. Their Alumni programme, launched in 2021, allows existing client beneficiaries of the public-funded Aerospace programme to continue their journey through a commercial agreement. In 2022, SiG was also named finalist in the Business Advisor of the Year category at the Growing Business Awards 2022 and in the Business Enabler of the Year category at the Lloyds Bank British Business Excellence Awards 2022.
“Sharing in Growth have truly led a dazzling transformation for our business and we’re now on an accelerated growth path. I would heartily recommend Sharing in Growth. Their knowledge, pragmatic approach and single team ethos has been instrumental in enabling us to be resilient to the challenges of Covid and other market pressures, whilst significantly scaling up the business. We look forward to delivering more growth together, as one SiG and AML team, for many years to come.” Mark Hands – Director AT Advanced Manufacturing (Sheffield) Limited