Future Focus part of national Government ‘Scale-Up Review’
Future Focus has been quoted in the annual ‘Scale-up’ Review, highlighting the programme, in conjunction with the University of Exeter, as providing key support for high-growth businesses in Cornwall and the Isles of Scilly.
The review states:
‘High-growth companies are referred to programmes such as the Future Focus Programme run by Unlocking Potential in partnership with the University of Exeter. As part of this programme companies take part in expert peer-to-peer workshops called Labs during which they develop an action plan and are offered access to innovation coaching, academic research and expertise and funding for equipment. A special element of the programme is the Knowledge Exchange which supports business to test whether there is a likely market for their business ideas or innovation.’
Reflecting on her report first commissioned by the Government in 2013, Sherry Coutu, Chair of the ScaleUp Institute said:
“The evidence was stark: the UK economy was lagging behind the US and other leading economies in the extent to which our companies scale. It was a major issue for the UK, I warned, because scale-up companies are crucial to national competitive advantage in that they drive economic growth, job creation, and productivity in the longer term.
RBS analysis suggested that in the short-term 238,000 jobs and £38 billion additional turnover was possible within three years of reversing the scale-up gap.”
Since her initial analysis in 2013, the review continued by commenting on the success of plans implemented over the last four years to reduce the UK scale-up gap, stating:
“We have seen a 35% rise in the number of high growth businesses, up to 36,510 in 2017. Collectively scale-ups generate 20% of all turnover, and 20% of employment growth amongst all existing businesses.”
Future Focus are delighted to be able to make an impact, supporting scale-up businesses in Cornwall and the Isles of Scilly and to continue contributing to the overall national improvement in employment levels and turnover.
The full 2019 Scale-Up Review can be viewed online.
To find out how Future Focus can help scale up your business, please chat to one of our team on 0845 600 3660 or email firstname.lastname@example.org