Innovative SMEs across the North East are to be offered free business support packages to help them launch new products or services and adapt to the post-Covid world.
The scheme, which targets companies with high growth potential, aims to boost growth and innovation and help reboot the post-lockdown economy. It is funded by the government agency Innovate UK and run by RTC North, a leading business support provider which is based in Sunderland.
The scheme, which is part of the Chancellor’s £1.3bn support package announced in April, will offer businesses up to 12 days’ free coaching. It is ideal for those which have, or are developing, revolutionary products and need help to progress them or enter new markets; or those facing a decline in sales due to market trends or new technologies and which need help to change and adapt.
The Innovation and Growth Services scheme can address areas such as Identifying and securing new clients, accessing new markets, funding opportunities, building resilience, R&D and innovation capacity, reviewing business models, planning for growth and developing supply chains.
Thierry Delange, Business Development Manager at RTC North, comments: “In this current climate, companies need now more than ever, a friendly face to turn to for practical advice and support. Our experienced advisors act provide an external perspective and structured approach to help senior management to successfully navigate the disruptive environment and achieve growth and scaling.
“Ultimately, our advisors are here to help ambitious businesses do better, develop better products leading to increased sales. That’s what Innovation is about.”
For more information on Innovation and Growth services visit the RTC North website.