image/svg+xml

Resources

Government launch new management training programme aimed at business owners

male student making notes while watching laptop screen

It’s been a tough year for many small and medium-sized businesses (SMEs). As we begin to come out of the other side of the pandemic, many of your business-owner and entrepreneur clients will likely be looking for ways to level up their company.

The government has recently launched a brand-new management training programme designed for just this purpose. Read on to find out more about this heavily subsidised programme and how your entrepreneur clients could benefit.

New 12-week programme designed to help small businesses flourish

If your clients are looking for high-quality training aimed specifically at SMEs, the government’s new Help to Grow: Management programme could be exactly what they need.

The programme combines a practical curriculum with one-to-one support from a business mentor, peer learning sessions, and an alumni network. It’s a blended programme that combines interactive, online sessions with face-to-face learning to suit the individual.

Designed to be manageable alongside full-time work, the programme will support small business leaders with key modules covering financial management, innovation, and digital adoption. On completion of the programme, delegates will be able to:

  • Enhance their business’ management and strategic capabilities
  • Produce a growth plan for the business
  • Build resilience to future shocks
  • Innovate in their business
  • Adopt digital technologies to boost productivity and operational agility
  • Develop their value proposition and reach into growth markets
  • Improve employee engagement and responsible business practices.

Launching the new programme, business secretary, Kwasi Kwarteng, said: “UK businesses are global leaders in creativity and innovation, and the government is here to support SMEs to seize every opportunity to grow.

“Help to Grow: Management is a fantastic scheme to equip ambitious business leaders with the tools to take their business to the next level, helping create an even more high-productivity, high-wage economy as we build back better from the pandemic.”

UK businesses from any sector that have been operating for more than one year, and have between 5 to 249 employees, are eligible to enrol. The participant should be a decision-maker or member of the senior management team within the business, for example, a chief executive or finance director.

A total of 30,000 places are available over three years. The programme is 90% subsidised by the government – which means the cost to the business is just £750.

Courses available across the UK

The 12-week programme will be delivered by leading business schools and is accredited by the Small Business Charter.

There are courses available across the UK depending on where the business is based. In the south-west, Bristol Business School at the University of the West of England will deliver the programme.

Other institutions offering the course include the Leeds Business School, Sheffield Hallam University, Winchester Business School, the University of Portsmouth, and Strathclyde Business School.

Chartered Association of Business Schools CEO, Anne Kiem OBE, said: “As we continue to grapple with the coronavirus crisis, it is also essential we look long term to ensure small businesses are supported to build resilience, survival and growth.

“Business schools can provide the expertise and knowledge all business owners and directors need to continue to thrive in uncertain times.”

If you or your clients are interested in registering for the programme, the Small Business Charter website has all the details.

Get in touch

We’re here to advise you and your clients on all aspects of financial planning. If you have clients that would benefit from advice, or you’re interested in how you can work more closely with us, please get in touch. Email hello@sovereign-ifa.co.uk or call 01454 416 653.

What do our clients have to say?