Some interesting numbers regarding Growth Vouchers

Last week we wrote about Growth Vouchers, a UK government scheme to provide SMEs with match funding for business development.

Subsequently Enterprise Nation (who are administering the idea and managing the expertise marketplace) sent over some numbers about Growth Vouchers and it does seem that there has been good success.

A total of 20200 applications have been received and 12856 “diagnostics” have been undertaken. That’s £19.2m that’s been pledged to SMEs and whilst that means that the whole pot hasn’t been dispersed it’s still more than small beer and better than a kick in the teeth.

The marketplace connects those seeking expert help with accredited experts. And it’s also worth noting that the marketplace is entirely funded by private sponsorship. You can read more about Growth Vouchers here.

Whilst Enterprise Nation’s claim that this scheme shows that the mental block on UK SMEs seeking and getting outside expert help has been broken is clearly overstated, it’s hard not to consider it a useful exercise and successful.

Some Tamebay readers have expressed their reservations but it seems to me that anyone thinking about business development within the purview of the Growth Voucher remit would do well to have a punt for a government contribution before applications close at the end of March.