New figures from GrowthAccelerator are giving really positive indicators with manufacturers supported by the GA programme forecasting an average growth of 40% for 2014. This high growth is coming from businesses both new and established; over half (55%) of the 903 manufacturing businesses currently working with GrowthAccelerator have been operating for over 10 years. Over one third of GrowthAccelerator’s manufacturing clients plan to achieve significant growth through investment in innovation, and a similar number say expansion is key to future success. A key goal of the GA programme is to help clients address barriers to growth. Over half of GA manufactureres believe strategy and management presents the highest barrier, followed by sales and marketing (43%) and skills and staff (37%). An impressive 100 per cent of our manufacturing clients would recommend GrowthAccelerator to others. Many of the manufacturers supported by GrowthAccelerator are also supported by the Manufacturing Advisory Service (MAS), enabling these businesses to access a wider range of support services and funding. It is quite clear from the GA report that if a business is committed to succeed, despite seeing challenges, accessing the funding and advisory support available through Growth Accelerator and the Manufacturing Advisory Service can have a real, positive impact. As accredited Growth Accelerator coaches with the opportunity to also access funding from MAS and other sources, if you want to grow your business, we would love to talk to you. Call David Wright on 01457 851111 or contact us here.
