Could your business be eligible for a Growth Voucher?

As a part of our on-going commitment to the growth and development of small businesses, Dodd & Co are pleased to be involved in the government’s Growth Voucher programme.

Eligible businesses are able to apply for a growth voucher, which enables specialist advice to be received for up to 50% of the usual cost. We would encourage all small businesses to look into the scheme and to take advantage of the support available, particularly in the early years of trade.

On Tuesday 26th August, this scheme was opened up to even more small businesses, making the specialist advice which is on offer even more accessible.

Typical services which may be available under the Growth Voucher scheme include:

  • A review of financial performance, including gross margins and profitability.
  • Assistance and guidance in preparing cashflows and forecasts.
  • Determining current and future and financial needs.
  • Establishing management information requirements and providing information in the most effective manner.
  • Preparing business plans and other financial reports.

The Growth Vouchers will be issued in order to secure long term change in the business.

Lord Young, the Prime Minister’s advisor on Enterprise states that;

‘External, strategic advice is key to commercial success and has helped thousands of businesses to grow. I want to make it easier and more affordable for small businesses to access and the Growth Vouchers programme is doing exactly this. I have received fantastic feedback from small business owners who have taken up this great offer, using the online marketplace to select a strategic advisor to help them shape their business growth and improve performance.’

Eligible businesses must meet the following criteria:

  • Be registered in England
  • Have no more than 250 employees
  • Be actively selling goods or services
  • Have a turnover no greater than £45m (E50m)
  • Must be at least 75% owned by the owner / director

To learn more about the Growth Voucher programme simply follow the link to www.gov.uk/apply-growth-vouchers or alternatively please contact your usual Dodd & Co adviser.

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