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Business Growth Hub celebrates five years

The Greater Manchester Business Growth Hub is celebrating its five year anniversary, having supported over 7,300 companies since its inception – including award-winning environmental support.

The Greater Manchester Business Growth Hub is celebrating its five year anniversary, having supported over 7,300 companies since its inception – including award-winning environmental support.

Since its launch in 2011, the Business Growth Hub has contributed £160 million in gross value added (GVA) to the Greater Manchester economy and has helped to create 8,000 jobs.

Part of the Manchester Growth Company and backed by the European Regional Development Fund (ERDF), the Hub offers support for ambitious Greater Manchester SMEs across a range of themes and sectors.

Specialist support

Its wide-ranging support includes expert one-to-one guidance to reduce costs and improve efficiency by reducing the use of energy in day-to-day operations, and make the most of opportunities to transform existing products, packaging and services or drive the development of new ‘green’ offers.

Specialist support is also available for SMEs working in, or looking to diversify into, the low carbon and environmental goods and services sector (LCEGS) – one of Greater Manchester’s priority growth areas.

These services are built on the foundations of the award-winning ENWORKS service, which has helped thousands of businesses to save £318 million and over one million tonnes of CO2e (carbon dioxide equivalent) through improved environmental performance to date.

More recently, from 2013 to 2015 the Hub helped more than 180 businesses to save £2.2 million by reducing their use of energy, water and materials. Many of these savings have been achieved through simple low or no cost energy efficiency measures.

A further 70 businesses in the LCEGS sector were given specialist support, helping to increase sales by £7.6 million and create or safeguard 63 jobs.

Encouraging sustainability

Sustainable growth remains one the Hub’s key priorities going forward.

Richard Jeffery, director at the Business Growth Hub, said: “From day one we have seen the businesses we work with thrive regardless of the wider political and economic landscape. 

“This important milestone shows that we have a thriving group of entrepreneurs who create and exploit opportunities and continue to drive Greater Manchester’s future prosperity.

“We want to make sure our clients have the skills to support growth and we also need to encourage them to become more sustainable.”

To find out more about the support available for Greater Manchester SMEs, click here.