10,000 Small Businesses Programme
The Goldman Sachs 10,000 Small Businesses UK programme currently operates nationally throughout the United Kingdom. If you are interested in joining the next cohort, please register your interest and apply here and we will follow up with an invitation to apply.
The Goldman Sachs 10,000 Small Businesses UK programme is designed to provide high-quality, practical education and business support to leaders of high-growth small businesses and social enterprises across the country.
These small businesses play a vital role in creating jobs and driving economic growth in the UK through innovation and market expansion. Social enterprises are also increasingly contributing to UK economic and community development through sustainable business models that are less dependent on traditional grant funding.
How it works
The programme brings together leaders of small businesses from across industry sectors and creates unique networking and peer learning opportunities.
For those small business leaders selected to participate, the core of the programme is a high quality, practically-focused business and management education, delivered over 100 hours through a blend of online and in-person residential sessions. The curriculum has been designed specifically for this programme by world-class international and national experts in entrepreneurial learning.
The programme will include three residential sessions and will rotate between residential and online learning. The online curriculum has been developed to meet your needs and the online platform will provide you ultimate flexibility as a small business owner.
During the course of the programme every small business owner develops a customised Growth Plan to direct their organisation’s business strategy and expansion.
The success of the programme is contributed to the right balance of formal learning, mentoring, and peer-to-peer support. Participants of the programme will benefit from:
- Specialist workshops
- One-on-one business advising
- Business coaching
- Access to professional experts
- Networking opportunities
- A network of 10,000 Small Business Graduates
Who is it for?
The programme is offered to small businesses and social enterprise leaders who desire to grow their businesses, create local employment and have scalable business models. This programme is not intended for start-up businesses, sole traders or businesses that are not seeking to grow.
The following eligibility criteria applies:
- The applicant must be the primary owner/co-owner of the business, or the most senior decision-maker if the business is not limited by shares
- The business must have been operating for at least three years and will generally have between five and 40 employees
- The business should have an annual turnover of at least £250,000
- Social enterprise applicants must be commercially operated businesses that achieve their social purpose through trading rather than grant funding
- The business must be scalable and capable of generating additional local employment
- Applicants should not have extensive recent management education
- Preference will be given to those businesses operating in or on behalf of disadvantaged communities or regeneration areas.
If you are interested in joining the first 2017 cohort, please register your interest here and we will follow up with an invitation to apply.
Background information about the programme
After extensive research, Goldman Sachs launched the 10,000 Small Businesses UK programme in 2010 to specifically address the support gap for small enterprises, helping them to unlock the economic and job creation potential of their business. The programme is designed by leading experts and is run in partnership with the Said Business School at Oxford University, the Aston Centre for Growth at Aston University, Leeds University Business School at the University of Leeds, and Manchester Metropolitan University Business School at Manchester Metropolitan University.
The latest Goldman Sachs report is entitled Unlocking UK Productivity Internationalisation and Innovation in SMEs this report seeks to encourage the ways in which internationalisation and innovation can act as key drivers for growth and in turn boost UK productivity.
Meet the Owners
Bobby Patel – Operations Director of Prashad (Cohort 1)
Bobby was running a successful family restaurant and applied to the programme to develop a clear plan, with practical and measurable goals, to enable him to achieve the growth potential of the business.
Since participating in 10,000 Small Businesses, Bobby has relocated the restaurant to larger premises, increasing both the number of covers and doubling the number of employees.
Rana Harvey – Managing Director of Monster Group (Cohort 2)
Rana’s business began as a mannequin retail company called “Dazzling Dummies”. Through 10,000 Small Businesses and to accommodate her ever-growing vision, Rana rebranded her business from “Dazzling Dummies” to “Monster Group (UK)”.
Rana revolutionised her internal order processing to create a more streamlined and efficient system.
Chris Ives of the Ilkley Brewery (Pilot Cohort)
Chris applied to 10,000 Small Businesses because Ilkley Brewery had outgrown its premises and he wanted to learn how best to raise capital to fund his ambitions for business expansion.
Chris has moved premises since participating in the programme. He has also tripled the number of people he employs, reinvented the Ilkley Brewery brand and developed a successful partnership with another business that he met through the programme.