Impact for scaleups
Value of contracts won
Jobs created and secured
Business coaches and global experts
Faced with the challenge of Covid-19 and the Government’s commitment to increase R&D spending, high value supply chains will be vital to deliver economic value to the UK. Since 2013 Sharing in Growth (SiG – www.sig-uk.org) has worked 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 companies on the programme have secured more than £5 billion in contracts – equivalent to more than 9,000 high-value jobs.
Offshore wind – a significant growth sector – has also been 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.
The economic shock of Covid-19 has had a massive impact on many UK companies’ cash balances. It has made facing up to the complex leadership tasks of restructuring, accelerating productivity, diversifying and winning new customers, while managing short term cash and preparing for EU Exit vital. These challenges lie at the heart of SiG’s offering. A recent interim independent assessment for BEIS noted ‘a significant increase in beneficiary turnover and headcount compared to their control groups’. It is also the recipient in 2020 of a Princess Royal Training Award for its impact on participating companies.
During Covid-19 SiG strengthened its remote learning, adding over 25 subject specific webinars as well as providing safe onsite support when conditions allowed. SiG has also produced over 60 case studies and online resources.
they use. As fast-growing companies need access to knowledge, expertise and coaching to move through their stage of growth, each programme reflects detailed knowledge of the individual business context and is delivered on site. Tailored support lasts up to four years, is scaled to a company’s ambition and recognises that the needs of a smaller, evolving company are vastly different from a multi-site corporate.