THE IMPORTANCE OF SCALE-UPS TO THE INDUSTRIAL STRATEGY

Posted on the 23 January 2017

THE IMPORTANCE OF SCALE-UPS TO THE INDUSTRIAL STRATEGY

The Entrepreneurs’ Forum has welcomed the appointment of Small Business Minister, Margot James, as the ‘Scale-up Champion’ as part of the Government’s Industrial Strategy.

Entrepreneurs’ Forum Chairman Nigel Mills said: “The appointment of Margot James as Scale-up Champion is a positive development for growing businesses.  The vast majority of new jobs created are in high-growth scale-up businesses, so removing the barriers that impede their growth is the best way the Government’s Industrial Strategy can create the wealth and opportunities in communities across the UK. By supporting scale-ups the Industrial Strategy would not so much be picking winners, but giving a boost to companies that are already on track to win, in effect putting its weight behind the most effective engine for job creation engine available.

“Ensuring that businesses have capable leadership, the talented people they need, access to finance, increased prospects for domestic and international sales, and infrastructure that meets their logistical needs, the Industrial Strategy can create the conditions for growth that will add billions of pounds to our economy and better prepare the country for the challenges and opportunities of the post-Brexit world.”