Coaching for High Growth government grant 0
Posted on 27, June 2012
Our most popular grant scheme (the Leadership and Management Advisory Service) ended in April and the new batch of grants focus on businesses that want help to grow fast – whether they are established businesses or start-ups. Three of our coaches are specially authorised to deliver coaching under the new schemes.
This grant programme funded by the European Regional Development Fund (ERDF) supports coaching for leaders in businesses seeking high growth. Key extra criteria are that turnover is more than £1 million and there are not more than 250 staff. (A similar grant is available for new businesses with no turnover!)
These funds can be used to support individuals or management teams to help them in a targeted way to realize the ambitions of the business, for example through support in formulating strategies, identifying options, and developing leadership and delegation skills of key staff.
Stage 1 – first three months
A grant of £1100 including VAT is available to help fund twelve hours coaching (£76.39+VAT per hour). The grant is paid to the coach, reducing the amount that the coach invoices you. This must be completed within three months (e.g. four hours per month). To apply, request and complete an application form. This may be followed by an informal telephone interview. The process takes about one week.
Stage 2 – further six months
A grant of up to £2000 is available for up to 48 hours (8 days) of coaching (£41.67 per hour), up to half the cost of the coaching. Being a grant, this does not attract VAT, so if the amount invoiced by the coach is £4000+VAT, you can reclaim £2000. The amount of coaching is flexible, however the first (up to) 24 hours of coaching have to be completed within three months (e.g. eight hours per month). All the coaching has to be completed within six months. Stage 2 requires the completion of a further short application form, and payment is made to you after you have paid your coach.
Contact me for more information or for an application form.