SMEs can access funding to grow faster and further thanks to a new initiative being offered by Northumbria University.
A partnership between the university’s Newcastle Business School and the Government-backed GrowthAccelerator scheme will provide match-funding to eligible, high-growth businesses to help with the cost of leadership and management training, including MBA studies.
The limited offer, however, will only cover applications to GrowthAccelerator made up to the end of July.
GrowthAccelertor manager Joan Louw said: “GrowthAccelerator can get to the heart of the barriers that are holding businesses back and help identify the critical steps needed to achieve the next phase of growth – rapidly and sustainably. As a GrowthAccelerator partner with Government, we are now working with Newcastle Business School and can contribute 50% of the costs to businesses that wish to support their staff through training and development programmes.”
Dr Jane Turner, associate dean for business and engagement at Newcastle Business School, added: “We have considerable experience in the leadership and management development arena and we are launching a new MBA programme in September 2014 which has a very contemporary philosophy and approach.
“The development of leaders and managers is vital in today’s fiercely competitive environment and GrowthAccelerator offers an ideal opportunity to secure funding assistance.”