By Claire West

The Institute of Directors and GrowthAccelerator today announced the launch of a new partnership to help high growth businesses achieve their ambitions. The partnership will see the Institute of Directors align resources with GrowthAccelerator, a new service delivered by the private sector on behalf of the government, to deliver rapid, sustained growth to ambitious small and medium businesses in England.

This partnership will directly benefit high growth businesses through:

- High quality training for business leadership teams — GrowthAccelerator and the Institute of Directors will work in partnership to develop a tailored training offer to benefit GrowthAccelerator clients

- Institute of Directors membership offer for GrowthAccelerator clients — high growth businesses taking advantage of the GrowthAccelerator service will be offered membership with no joining fee.

Simon Littlewood, GrowthAccelerator Director, said;

"GrowthAccelerator is designed to help the most talented companies in England surpass their potential for phenomenal growth by giving them access to bespoke support and advice. Partnership with leading business networks such as the Institute of Directors are vital to the success of GrowthAccelerator because of their reach and influence in the business community. We share a common goal with the Institute of Directors — to place business needs at the heart of everything we do — and we're looking forward to developing this important strategic partnership."

Vernon George, Director of Regions and Branches, said: “We are delighted to be working in partnership with GrowthAccelerator to offer support to high growth businesses. Coaching can be a great boost to a business, and in these tough economic times the knowledge and skills this service will share with business leaders will make the crucial difference for many. It's important that this service is delivered by the private sector, for the private sector and the Institute of Directors Training and Membership offering can play a great part in its success. Developing high growth business is vital for the future of our economy and we are very keen to play our part.”

Business and Enterprise Minister, Mark Prisk, said: “The Government is committed to helping ambitious companies fulfil their business potential and stimulate economic growth across the UK. GrowthAccelerator is already making a difference by providing firms with high quality coaching and business support that will help them achieve their aims. It is encouraging to see a partnership with the Institute of Directors and I hope that more working relationships can be built up so that our impressive and fast growing businesses can continue to prosper.”

Launched earlier this year, GrowthAccelerator is a £200 million service that will drive growth for up to 26,000 ambitious small to mid-sized businesses across England, creating 55,000 high-value jobs.

The service aims to help businesses with high growth potential achieve their growth ambitions. This will be achieved through a personal, tailored programme that will provide high growth businesses with access to an unrivalled network of experienced, highly qualified business growth experts. These growth experts, including 100 Growth Managers and 800 Growth Coaches, will help leadership teams to seize new business opportunities, open doors to the right funding and develop plans that will boost innovation, expansion, products and markets.