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Grant Funding

The history of government support for businesses

25 years ago the Thatcher government of the mid 1980s took heed of research that repeatedly showed the UK's businesses ranking no higher than 20th in the league table of international SME competitiveness. This was restraining employment and export growth. Further reserach showed that SME owners were not prepared to pay for advice in order to improve their knowledge and skills.

Government policy was evolved that would invest in raising SME business skills and knowledge through subsidised consultancy and that the good practices developed as a result would be disseminated to all other businesses as examples to follow.

So, in 1987, the Enterprise Initiative was launched, which aimed to help SME owners improve performance in marketing, finance, systems, business planning and quality, by using expert consultancy advice with 2/3 funding support. This ran until 1992.

Business Links were formed in 1993 to follow this and focused on similar services but for very small businesses and start-ups; again, with 2/3 funding support for expert consultancy advice.

Government has now announced the end of Business Link (July 2010)

When Training & Enterprise Councils (TECs) were formed in 1991, they instead, focused on developing skills as the solution to better business performance and introduced fully funded programmes such as Business Growth Training and Investors in People, delivered by independent consultants and trainers.

TECs were replaced in 2001 by the Learning & Skills Council, which shifted towards funding individual skills improvement via Business Link and the education system for the person. Examples of this were Train to Gain (for employees) and Leadership & Management (for Directors).

The Learning & Skills Council was split up in early 2010 and the new government has announced major reductions in Train to Gain and Leadership and Management programmes.

Thus, the 23-year run of government grants to support small business performance improvement has come to an end

This major shift has yet to be fully understood and accepted and has left an overhanging culture amongst businesspeople that if there is a requirement to spend money on consultancy or training, there must be a grant somewhere.

The reason for this is that despite all the £billions spent on business grants, no government ever followed through with the intended good practice dissemination. In fact, so great was the targeting to spend the money that it became the end instead.

However, we believe that so much good has been done by grant support that the SME owner of today is a far more savvy individual than his 1980s predecessor.

We cannot reintroduce grants, but we can put our money where our mouth is and undertake that for every client, or prospective client, who is concerned about project cost we will construct and deliver their programme to be self financing.