Feeds

Cable to stimulate stiff growth in entrepreneurs' trousers

UK.gov to pour £200m into pockets of small biz

Providing a secure and efficient Helpdesk

Under-fire UK business secretary Vince Cable has launched the government's new £200m "GrowthAccelerator" programme to help small businesses with the potential to do well to actually do well.

Meanwhile, Cable was branded a "socialist" by Tory donor and Downing Street advisor Adrian Beecroft on Wednesday, in his report on business bureaucracy.

Despite the jibe, the business secretary was out and about to snip the ribbon, so to speak, on the programme, which has been in the works for a while, at cloud-based collaboration and content management company Huddle in London. The venue was chosen because Huddle, according to the department of business, is one of the "trailblazers" taking part in GrowthAccelerator.

To be in with a chance of bagging a slice of that £200m pie, "ambitious" SMEs will have to hit one of three targets. They'll need to have 10 or more employees with the potential to increase turnover or staff by 20 per cent a year for three years, or have fewer than 10 workers but have the potential to increase employment by at least seven or annual turnover by £750,000, or they need to be start-ups with the potential to reach a turnover of £1m or 10 workers in three years.

The lucky few will then be coached on issues including how to get financing, how to turn ideas into money and how to develop their leadership and management skills. They'll also be fast-tracked to business advice from the likes of UK Trade and Investment and to networks including Angel Investors.

“GrowthAccelerator is an exciting new programme that is at the heart of the government’s commitment to help businesses deliver growth by increasing their chance of gaining access to finance and spurring innovation," Cable opined in a canned statement.

"The £200 million programme will deliver high quality coaching to a range of businesses that will help them grow and give the economy a real boost."

The programme has been knocking around for a while, and was previously known as the Business Coaching for Growth programme, which was clearly not a snazzy enough name. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
Bono apologises for iTunes album dump
Megalomania, generosity and FEAR of irrelevance drove group to Apple deal
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Arab States make play for greater government control of the internet
Nerds told to get lost in last-minute power grab bid at UN meeting
Zippy one-liners, broken promises: Doctor Who on the Orient Express
Series finally hits stride, but Clara's U-turn is baffling
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.