Nottingham Business School (NBS), part of Nottingham Trent University, is working with the Small Business Charter to deliver a specialised government funded programme for leaders of small businesses to survive and thrive in the coming months and post Coronavirus.
This new scheme comes as part of a £20million package the government are providing to help small businesses in the long term.
To aid business resilience and future growth in the current climate, the Small Business Leadership Programme will create peer groups to develop stronger leadership, innovation, operational efficiency, marketing and finance.
NBS holds Small Business Charter (SBC) accreditation which is awarded by small businesses to business schools who excel in supporting SMEs and the local economy.
Coronavirus has put untold pressure on directors and CEOs of small companies trying to navigate unchartered waters. According to a recent McKinsey online survey of UK SMEs, 80 percent of small businesses reported their revenues were declining in June in 2020.
The Government has made up to £30 billion available to support economic recovery ahead of the Autumn and businesses can continue to draw upon a range of financial support during this challenging time, including loans, tax deferrals and cash grants. The SBLP will help businesses to bounce back from the impact of Coronavirus and prepare for any future disruption.
The practical syllabus provides business leaders with access to small business and management experts from NBS. The Small Business Leadership Programme is free and fully funded by the Government to enhance small business resilience and recovery from the impact of COVID-19 and develop potential for future growth and productivity.
The programme will be delivered online through a structured course of eight 90-minute webinars over the course of 10 weeks and will provide the knowledge needed for businesses to tackle crisis situations.
It will also give businesses the opportunity to strengthen their business network. Participants will develop strategic leadership skills and the confidence to make informed decisions to boost business performance.
Dr Lynn Oxborrow Principal Lecturer in Small Business and Supply Chain Management at NBS, said: “At NBS we have a proud history of providing tangible support to a range of businesses, from start-ups and entrepreneurs to Scale-Ups.
“During the pandemic we adapted our SME support to deliver online forums, workshops and coaching and have provided support to over 130 SMEs, most of whom have been stimulated to make changes in order to take their businesses forwards in spite of the challenges they face.”
Jess Barnett, Co-Director of TTK Ltd and participant in a similar SME project at NBS, said: “It was ideally suited for my young, fast growing SME, particularly in helping to lead the development of a more effective management team.
“I was always made to feel welcome, confident and comfortable. It’s encouraged me to mix and network, which definitely supports free flowing ideas and sharing suggestions… it’s very much run for the benefit of the participants.”
Anne Kiem, OBE, CEO of Chartered Association of Business Schools and Executive Director of the Small Business Charter: “As we continue to grapple with the Coronavirus crisis it is also essential we look long term to ensure small businesses are supported to build resilience, survival and growth.
“Business schools can provide the expertise and knowledge all business owners and directors need to continue to thrive in uncertain times.”
Paul Scully, Parliamentary Under Secretary of State in the Department for Business, Energy and Industrial Strategy said: “The strength of small businesses up and down the country will be vital as we begin to bounce back from Coronavirus and re-build our economy.
“The Small Business Leadership Programme will help to equip small business leaders with the leadership and problem-solving skills they need to grow their firms in the wake of this pandemic.”