Growth Works

HOW GRANT FUNDING CAN HELP YOU GROW

Accessing finance can be a real stumbling block to business growth. Limited budgets mean no working capital, little investment in equipment and materials, and a general inability to source expertise to help you prepare and enable growth. At Growth Works, we can help overcome these issues. Alongside fully funded strategic growth services, we offer revenue and capital grant funding to businesses in Cambridgeshire & Peterborough so they can ‘get growing’ and fast. But what sorts of things could our grant funding help you achieve? Here are just a few of the ways our clients have taken advantage:

• Grow your online business

How easy is it to do business with you? Perhaps you open up demand with e-commerce systems, or augment your website to incorporate new lead generating features, or develop app software to give you customers an enhanced brand experience.

Consider what our clients have done, and use grant funding to develop your digital ecosystem to get a healthier pipeline of sales prospects.

• Scale sustainably

This month’s COP26 summit has exemplified that a global focus on climate change and net zero initiatives are hastening businesses to step up their sustainability game – for themselves and their customers. This could involve greener supply chains, reducing waste, more sustainable products. Use grant funding to buy in expertise, machinery, or premises that will help you scale sustainably.

• Invest in your leadership

Are you all in? You’ve made some excellent decisions to get where you are now, but these next steps will need you to raise the bar. You can’t revert back to business as usual, you’ll need to

be challenging the norm and leading your team to constantly adjust, optimise and execute. Use grant funding to support your leadership development and continually be in the right mindset to drive growth.

• Launch new products or services

Some of our clients have used grant funding to identify and refine new products or services with support of a multidisciplinary team of experts, like product designers, scientists, engineers or technologists that can work with you and your team to expand your portfolio. Or alternatively, if you already have something in the pipeline, use grant funding to build a robust product marketing strategy.

• Skills development

Have you got the right skills in your team? New skills have to constantly be embedded. The ‘making it happen’ is generally done by your team after all, and they need to be motivated and empowered by the right training, experience and resources for them to be successful. Use grant funding to source this incompany training that will intrinsically help you grow.

• Get cash flow savvy

Growth companies consume cash. With your successful growth comes a need for more working capital, which eats away at your margins that you need to fund new investment. And unfortunately, that’s why some growing businesses, go bust. You can use our grant funding to help support your new investment, or alternatively, work with experienced accountants to ensure your forecasts, cash flow and financials are accurate, achievable and inform your business strategy.

READY TO GROW?

If you’re ready to get started (of if you still have questions) we’re ready to help. Take a moment to complete an online diagnostic to tell us a bit more about your business and one of our Growth Advisors will follow up to guide you through next steps. www.growthworkscoaching.uk/get-started