Scaling your business
Your business is established but you need support to take it to the next level.
Ready to scale your business but need help?
Now you’re in a position where you can sustain growth in your business without feeling the impact in other areas, you may be looking at ways to accelerate this further. To achieve this, you might require support with moving premises, investing in technology or seeking out new markets.
Regardless of your ambitions, it is worthwhile formalising existing processes that may have been more fluid while the business was growing from a start-up. This will create fixed structures that will form a solid foundation for handling accelerating growth.
In addition, this will allow you to evaluate your processes. Doing so could highlight ways in which you can streamline operations and improve efficiency, which will have a positive impact on your finances.
You may also want to explore investing in robust software and systems. These will help you to overcome rising organisational challenges, including tax and regulatory requirements, as well as those associated with a growing workforce.
We want to support businesses that are scaling up as large organisations are important to driving innovation, nurturing skills and creating new opportunities in our region. Whether you are located here or looking to move to the area, our expert team provide personalised help aimed at supporting scaling up businesses to achieve their aspirations.
Scaling a business:
5 questions to ask
- Can I support accelerating growth within my business?
- Do I have sufficient cash flow to support a higher level of growth?
- Is there the right infrastructure and workforce locally to sustain your plans
- Are there opportunities to expand globally?
- What systems do I need to maintain quality and service while scaling up operations?
Scaling a business: Common questions
There is a range of support that scaling businesses can access through their Local Enterprise Partnership, the Government and local authority. This can include assistance with business rates and grants for investing in equipment and infrastructure that will positively impact jobs in the region. There is also support for businesses that want to upskill their workforce, as well as create opportunities for apprentices.
Make UK can provide consultancy and training for large businesses, and Innovate UK, Sparkfund and the British Business Bank are trusted sources when considering finance options your expansion plans. In addition, if you are looking at new export markets, the Department for International Trade can provide assistance in this area.
Financial support for scaling businesses in the York and North Yorkshire region is frequently changing. You can speak with our team about your growth plans and find out more about what you may be eligible for.
North Yorkshire County Council has a business engagement officer who acts as a channel through which businesses can engage directly with the planning and infrastructure team. This ensures that large-scale projects and planning applications are clearly communicated, and allows for an open and constructive dialogue to be established.
The York and North Yorkshire Local Enterprise Partnership (Y&NYLEP) are also working closely with businesses to share intelligence and ensure that they have a voice when it comes to local concerns over skills, access, infrastructure & supply chain.
As well as the opportunity to access financial assistance, there are many benefits to locating your business in North Yorkshire. As well as outstanding transport links and access to crucial supply chain companies, our region has a wealth of skilled worker and a quality of life that is the envy of many. You can book an appointment with one of our growth managers, who would be delighted to go into more detail and discuss your individual business needs.
Being more sustainable makes good business sense. It can foster respect from customers and employees alike, and can positively affect your bottom line too. There are some simple steps that your business can take including recycling, looking at energy use, reducing travel for meetings and reviewing your supply chain.
As part of the Local Enterprise Partnership, we are closely linked with Circular Yorkshire. Here you will find a range of case studies from other businesses adopting a more sustainable approach and our six benefits to business.
You need to ensure that a person from outside the UK has permission to work in the UK if you employ or intend to employ them. You also need to ensure that and documentation that they supply is genuine and that workers from specified countries are registered with the Home Office’s Worker Registration Scheme.
In addition, now that the UK has left the EU, migrant workers from the EU must apply for the new settlement scheme. Full details and a toolkit for employers is available from the government website.
Our region aims to cultivate innovation in a diverse range of sectors including food and drink, low carbon digital, bioscience and manufacturing. Our Growth Managers can put you in touch with relevant organisations and highlight the financial opportunities that will support your plans.
Innovate UK is also set up to accelerate innovate and drive investment into research and development. They can help you to connect with the right people to turn your ideas into commercially successful products and services.
Small to medium-sized enterprises can access the Skills Support for the Workforce Programme. This a free service aimed at enabling businesses to achieve their growth plans by upskilling their existing workforce. The service can work with you to identify skills gaps and recommend tailored training solutions.
In addition, businesses can look to use their apprenticeship levy to upskill their existing employees. More information can be found in our guide:
Articles
Introducing our new series of free Leadership webinars!
As part of our online business support webinar programme, we are delighted to be partnering with Michelle Mook, Managing Director of Pro-Development, to deliver a series of nine Leadership webinars starting on 26 November.
York & North Yorkshire Growth Hub offer with Too Good to Go gets even better!
To celebrate the start of Circular Yorkshire Month today (2nd Nov), York & North Yorkshire Growth Hub and Too Good to Go have teamed up to offer a great promotion to businesses in the region.
Free platform subscription to help sell your produce online during lockdown
Sign up to ShopAppy is easy. The award-winning digital platform was designed to give small independent businesses a way to operate online and enable consumers to shop locally.
Events
01st December 202012:00 pm - 1:00 pmFREE
1 Dec - How to inspire others by leading authentically
This free webinar will help to give leaders the confidence to lead authentically and in a way that inspires those around them.
02nd December 202012:00 pm - 1:00 pmFREE
2 & 9 Dec - Powerful PR Masterclass Series
This free two-part interactive masterclass will focus on how you can use the power of PR to benefit your business.
03rd December 202012:00 pm - 1:00 pmFREE
3 Dec - EU Transition Series 4: What you need to know about tariffs and taxation in 2021
In partnership with the Department for International Trade and Garbutt + Elliott, this free webinar will go into more detail about tariffs and taxation from January to help your business to prepare.
Resources
How to manage staff remotely
The York & North Yorkshire Growth Hub have teamed up Thrive Law to provide practical advice on how to negotiate the challenges of managing staff remotely.
Digital Security: Keeping Your Business Secure Online
The York & North Yorkshire Growth Hub have teamed up with the National Cyber Security Centre (NCSC) to provide practical advice on keeping your business secure online during and beyond the Covid-19 pandemic.
Free webinar: EU Transition - how you can plan financially and manage cash flow
This free webinar will explore some of the financial risks, and give practical advice on how you can manage your cash flow during and after the transition period.
