GOV.UK

Growth or Innovation Support Vouchers are they for your organisation?

www.tangram.ltd.uk

Christine RaynerTangram Limited0118 952 6992

Two voucher initiatives available for small businesses

• Growth Vouchers – micro & small business in England

• Innovation Support Vouchers – micro, small and medium businesses in Oxfordshire

www.tangram.ltd.uk

The Government’s launched £30m Growth Voucher marketplace on Monday 27 January 2014.

• New government initiative

• Growth vouchers

• Up to £2000

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Eligibility

Your business must:•Have 49 employees or less•Have a turnover of less that 10M €•Be independent•Be registered in England•Have been actively selling goods or services for at least 1 year•Not have paid for strategic business advice in the last 3 years•Must have received less than Euro 200,000 of public support in the last three fiscal years•Have an email address

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How can a small business get a Growth Voucher?

•Go to https://www.gov.uk/apply-growth-vouchers

•Complete the application form

•Meet the criteria

•Work through a Diagnostic Filter

•Wait for notification

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What can they be spent the vouchers on?

•FINANCE

•HR

•MANAGEMENT DEVELOPMENT

•MARKETING

•DIGITAL TECHNOLOGY

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Examples of what growth vouchers could be used for

•Performing a skills analysis

•Developing a financial strategy for growth

•Drawing up a plan for managing change

•Advice on how to increase your presence online

•How to use technology to provide excellent customer service

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You have a voucher – what next?

•Go to https://marketplace.enterprisenation.com/

•Browse the approved growth voucher suppliers

•Choose a supplier

•Discuss your requirements

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If the value of a voucher is £2000 how can I spend it?

•You spend £1,200 on support: £600 from you and £600 matched from government

•You spend £4,000 on support: £2,000 from you and £2,000 from government

•You spend £5,500 on support: £3,500 from you and £2,000 from government

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How do I redeem my voucher?

•Within three months

•Proof that the business has paid the supplier in full

•VAT element

•One claim per voucher

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The Growth Voucher Marketplace

•Enterprise Nation

•No public sector funding

•Free for small businesses to use.

•A wide variety of suppliers

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How can I become a supplier?

•Two levels of supplier

Growth voucher suppliers

Other suppliers

• Free to register

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Growth voucher suppliers •Are members of a trade bodyACCA - Professional ACCA qualificationICAEW – ACA, Full memberCIMA - CIMA member in practiceICM - full member (MICM, MICM(Grad), or FICM)

CIPD (Chartered Institute of Personnel and Development) - Chartered member Institute of Consulting – Member

Chartered Institute of Marketing- MCIMChartered Institute of Public Relations - CIPRBCS The Chartered Institute for IT - Chartered IT Professional (CITP)UKITA (UK IT Association) – UKITA Full member (excludes Associate grade)

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AND………

• Three years experience of working in, or advising, small businesses

• Professional indemnity insurance

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Innovation Support Vouchers available via

www.tangram.ltd.uk

An Overview – extract from http://www.thamesvalleychamber.co.uk/100974/

•Vouchers for Innovation and or Growth are available from £500 – £5,000 per

voucher.

•The Innovation Vouchers can help businesses develop their staff through

training as well as access to research facilities.

•To be eligible, organisations must have plans in place to create jobs as a result

of using the voucher(s).

•Organisations that are eligible for this funding will receive 50% cash back.

•A maximum of £10,000 of Innovation Support Vouchers initially available for

each business.www.tangram.ltd.uk

Eligibility

Your business must:•Have less than 250 employees•With a turnover under €50m•The business must be independent•The business must have been operating for 1 year•The voucher must be used by 31st March 2015•Be registered in England and based in Oxfordshire•Have received less than Euro 200k of public support in the last 3 fiscal years•Have an email address•Must submit the claim for the Innovation Support Voucher money within 1 month of completing the training or accessing the facility.

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What can you use the Innovation Support Voucher For?Developing staff through training using one of the certified training providers on a wide range of topics which could include:•Strategic Business Advice•Leadership and management•Managing cash flow•Raising Finance•Sales & Marketing•Making the most of digital technology•Export Training•Recruiting and developing staff

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Vouchers can also be used to access research facilities (public sector and universities)

• For example – for use at the Diamond Light Source at Harwell Oxford – www.diamond.ac.uk

•Or to use the laboratory space or the commercial space at Begbroke Science Park - www.begbroke.ox.ac.uk

www.tangram.ltd.uk

How to apply?

These vouchers are available via the Thames Valley Chamber of Commerce

There is a simple application form to complete that can be downloaded by following this link - http://www.thamesvalleychamber.co.uk/100974/

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The Thames Valley Chamber of Commerce process

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END DATE

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