AROUND 250 small and medium-sized companies in Yorkshire have received advice about strategies for growth after participating in an education programme which is supported by investment bank Goldman Sachs.
New research indicates that participants in the Goldman Sachs’ scheme – which is known as 10,000 Small Businesses UK – are providing a long-term economic boost for Yorkshire. Ninety per cent of the scheme’s graduates are still growing their net employment figures three years after starting the programme, and 88 per cent of participants are growing turnover, according to a progress report compiled by academic institutions including Leeds University Business School.
The Goldman Sachs programme has been rolled out nationally after a successful launch in Leeds. In 2010 Goldman Sachs, which is led by its chairman and chief executive, Lloyd Blankfein, announced that it was funding a business education programme in Yorkshire to help small businesses grow. Under the programme, entrepreneurs go on a four-month business and management course which has an emphasis on real-life practical experience.
Partners in the scheme include the Saïd Business School, Aston Business School, Leeds University Business School, Manchester Metropolitan University Business School and UCL.