£7M for business growth project

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A major project aimed at supporting high growth businesses and creating more than 600 jobs throughout Cornwall in less than three years has been approved for £7 million of Convergence funding.

Andrew Farmer

Oxford Innovation’s ‘Combined High Growth Convergence Programme’ will cover all eligible businesses from start-up to mature veterans with a predominantly coaching-based service.

The aim is to give in-depth support to businesses that have high growth potential and where key individuals in those businesses have the ambition to grow.

It is estimated that, by April 2015, 280 businesses will have been supported – 120 of those start ups – with 632 jobs created and a further 200 safeguarded.

Speaking about the new contract, programme manager, Andrew Farmer, said: “We are delighted that the work we have delivered to-date has been recognised as playing a vital role in the development of a robust and self-supporting business community in Cornwall.

“Our policy has always to focus attention on the client, believing that the outputs will follow. This methodology delivers benefits to both the company and the individual ensuring that any staff movement within the county transfers this learning, building stronger businesses across all sectors that will endure after the programme concludes.”

Oxford Innovation has a successful track record in Cornwall having already run Coaching for High Growth and Starting a High growth Business projects – collectively known as Grow Cornwall.