Scale | South West Programme to launch in January 2018 run by PwC and Business West, in collaboration with Engine Shed
Programme focuses on late-stage enterprise start-ups looking for new commercial opportunities
Previous participants in PwC’s scale-up programmes have raised over £80 million in equity
PwC and Business West, in collaboration with Engine Shed, are launching the Scale | South West Programme to help high potential businesses bridge the gap between innovative late-stage startups and established large organisations. It is the latest in a series of Scale Programmes across the UK to connect these dynamic businesses with potential customers and industry decision makers who are looking for the latest innovations, as well as introducing them to a network of investors and experts who can help provide the tools to close deals and secure investment.
Designed to support entrepreneurial activity across the South West and Wales region, the programme is based in Bristol - a key strategic city. The Bristol and Bath area is one of the two globally significant digital tech clusters in the UK, including over 60,000 digital workers in the broader region, with total turnover of £8.2m from this sector (1), and the collaboration in the South West has meant that entrepreneurs are empowered to grow and innovate.
Participants on the programme will undergo a business development curriculum, receive advice across areas like International Expansion and the corporate procurement process as well as access to PwC, Business West and the Engine Shed’s extended community of experts.
Katharine Finn, PwC’s regional leader for the West, said:
“The South West is home to some of the UK’s most innovative startup companies and it’s a great place to do business.
"We recognise the important role that scale-ups play in the regional economy and understand that their growth and future success relies on sourcing new commercial opportunities and accessing further funding. Through our Scale South West programme we will help regional businesses, small and large, in their strategic growth, by opening doors to our networks, facilitating introductions and funding access, to provide mutual commercial opportunities.”
Tara Gillam, Head of Enterprise, Business West said:
“Over the past 5 years, we have supported over 879 businesses to start trading and created an additional 600 jobs from these businesses. Supporting new businesses to have the ambition and resources to scale and grow is critical for the success of the local economy and the PwC Scale programme is a fantastic initiative to aid SME’s in the South West to accelerate their growth potential.”
Alumni of PwC’s scale-up programmes raised £60 million in equity on joining and have since gone on to raise a further £20 million, winning over 70 pilots with corporates enabling them to scale-up and achieve the next level of growth.
Nick Sturge, Director, Engine Shed said:
“As part of Engine Shed’s work in delivering sustainable and inclusive economic growth, we are delighted to support PwC Scale to strengthen the scale-up ecosystem in the West of England.
Engine Shed will bring extra connectivity and profile to the programme and the scale-ups taking part as well as providing access to its neutral collaborative space.”
Applications to the Scale | South West programme are open here.
For more information please contact Jonathan Hollis on 075 1740 8366 or via email email@example.com
TechNation 2016 2nd Publication.