Solutions

Bespoke and tailored products and services that directly address specific challenges faced by companies that are growing at pace.

Innovation (2)

Enterprise Europe Network
Helping companies innovate and grow internationally
Growth Machine
Innovation delivered. A programme of up to 12-weeks for business owners seeking to deliver the growth they were expecting from their investments in innovation and new product development.

Providers

General business support services that meet business growth needs.

4 providers found.

Innovate-NE-Limited

The Innovation SuperNetwork is a “network of networks”, funded by the North East LEP,

Liip-Ltd

Our agile innovation and design thinking approach enables scaling companies to rapidly identify customer needs and develop and test new solutions. ...

Ward-Hadaway

As a full service, top 100 law firm, Ward Hadaway provides a full range of legal services to support growing businesses

Mincoffs-Solicitors-LLP

Our Scale-Up team has extensive experience in helping many ambitious businesses achieve their commercial objectives in a variety of sectors

Categories

Access to Finance & Risk Capital
The shortage of capital available in the UK is well-documented with a wide range of initiatives and programmes established nationally and locally to address this.
Access to Markets
Scale-up companies seek to develop new products and services and their domestic and international customer base, as quickly as possible. In the UK, many report difficulties in supplying to large corporates and the public sector and developing new markets takes time and money without immediate ROI. Making the leap into new markets given the risks can be challenging.
Infrastructure
Scale-up companies cite numerous pains with regard to infrastructure in the North East, particularly in relation to digital transformation and establishing scalable systems and processes that support rapid growth across the business. Planning laws, lease terms and the availability of fast broadband are also cited as major challenges in addition to access to cutting-edge research facilities.
Innovation
Successful and scaling businesses keep moving forward, developing new products and services to serve the needs of existing and future customers. Companies that do not innovate, are less likely to survive and grow.
Leadership
Leaders in rapidly scaling companies need to learn to cope quickly with changing demands and may need help to develop their managerial and leadership talent. An important factor cited by scaleup leaders is lack of capacity and experience in the senior leadership team. It is hard to grow a company hundreds of times faster than is 'normal' without the right training and support.
Talent and Skills
The North East has a major skills gap that holds back scale-up companies. Scaling companies have particular issues recruiting people with technical and business skills, whether taking on young people straight from education or attracting those with more experience from outside the region, enabling them to develop new products and services, navigate new markets and develop their business structures.