Impact for scaleups
Value of contracts won
Jobs created and secured
Business coaches and global experts
Scaling businesses supported
Action through supply chains
Faced with the challenge of the pandemic 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) 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 more than 80 scaling companies on the programme have secured more than £5.2 billion in contracts – equivalent to more than 9,100 high-value jobs.
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.
The economic shock of Covid-19 has had a massive impact on many UK companies’ cash balances. Combined with the ongoing transition to new trading arrangements with Europe and beyond it has made facing up to the complex leadership tasks of restructuring, accelerating productivity, diversifying and winning new customers vital. These challenges lie at the heart of SiG’s offering. In 2020, an interim independent assessment for BEIS noted ‘a significant increase in beneficiary turnover and headcount compared to their control groups’. The programme was also the recipient of a Princess Royal Training Award for its impact on participating companies.
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. In 2021, Sharing in Growth announced the launch of their Alumni programme, allowing existing client beneficiaries of the public-funded Aerospace programme to continue their journey through a commercial agreement.