Changes to the approaches for selecting SMEs with high growth potential and delivering support need to be considered together as part of a coherent delivery model and one that is designed to deliver clearly defined outcomes. We also make policy recommendations on how to improve the effectiveness and value for money of growth support.
There are well-documented problems with identifying businesses with growth potential as there are no recognised financial or quantitative indicators of growth potential.
Key points covered:
- Delivering impact
- The importance of timing
- The importance of the right sort of support
- Recommendations for policy makers
