Building Small Business Britain

29th November 2016

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The new impact report, Building Small Business Britain, has now been released.

It details the growth impact of all the businesses participating in the first five years of the Goldman Sachs 10,000 Small Businesses UK (10KSB) programme, which is run in partnership between Goldman Sachs, Said Business School, Oxford University, Aston Business School, Leeds University Business School and Manchester Metropolitan University.

The report is a testament to the success of the programme and its graduating businesses, and highlights the lasting growth of these leading enterprises. The key findings are:

10KSB graduates grow staff at 31% per year on average and increasing revenue at 81% per year. They are three times more likely to be creating jobs and twice as likely to be growing revenue as other UK small businesses.
Independent analysis shows that on average the 10KSB graduates create 17% more jobs and generate 19% higher revenues than they would have without taking part in the programme.
93% reported that they feel more confident in managing growth after graduating, and over 70% sought external financing after the programme, which is four times higher than other UK small businesses.

www.aston.ac.uk/centreforgrowth

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