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Founders4schools / scale up summary presentation 9 march 2016

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Information about Founders4schools / scale up summary presentation 9 march 2016

Published on March 13, 2016

Author: sherrycoutu1

Source: slideshare.net

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1. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE SCALE-UP BRIEFING ECONOMIC GROWTH & SKILLS 10 March 2016 Sherry Coutu CBE #scaleup http://www.scaleupreport.com

2. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE REPORT RECAP Focus on women Dive into Skills THE SCALE-UP INITIATIVE Sherry Coutu CBE#scaleup

3. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE Definition A ‘scale-up’ is an enterprise with average annual growth in employees or turnover greater than 20 per cent per annum over a three year period, and with more than 10 employees at the beginning of the period THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE#scaleup

4. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE Start-ups are not SCALE-UPS Any size* Any age Any sector Any region THE SCALE-UP INITIATIVE Sherry Coutu CBE#scaleup

5. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE We are doing very well on Start-ups...

6. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE But we are doing less well at growing them (!) The Scale-Up Institute #scaleup Sherry Coutu CBE

7. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE STARTUPS DO NOT CONTRIBUTE TO NATIONAL OUTPUT Research by the academic David Storey has found that the median annual sales of a six-year-old firm in the UK are less than £23,000 This research also found that only a small group of start-ups achieve significant growth in revenues – just one per cent have sales of more than £1 million six years after they start 1 % It also found that the average new firm, despite the hype that surrounds startups, made a negligible contribution to British productivity growth. #scaleup

8. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE “First mover advantage doesn’t go to the first company that launches, it goes to the first company that scales.” Reid Hoffman, co-founder of Linkedin THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE#scaleup

9. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE These recommendations focus on steps that can enable and leverage local networks and provide them with actionable insights to mobilize collective action; the mindset is one of using existing resources more effectively, not just providing more support. Michael Porter, Harvard Business School THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE#scaleup

10. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE These recommendations focus on steps that can enable and leverage local networks and provide them with actionable insights to mobilize collective action; the mindset is one of using existing resources more effectively, not just providing more support. Michael Porter, Harvard Business School THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE#scaleup

11. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE World leading universities such as Cambridge play a crucial role in creating business through the generation of innovation, entrepreneurship, and funding opportunities, but it is the talent and expertise of our students and academics that will help these businesses grow.” Leszek Borysiewicz, Vice Chancellor of Cambridge University THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE#scaleup

12. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE “This report makes a compelling case for getting behind the UK’s high growth ‘scale-ups’ and I hope all political parties seriously consider its recommendations. These firms are already having a transformational impact, we just need more of them to grow. Helping them access the talent they need, develop their leadership and access new markets are the priorities.” John Cridland, Director-General CBI

13. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE “A welcome contribution in the context of Greater Manchester’s recent devolution deal with Government and will support us as we look to deliver targeted business support to our local high growth firms.” Mike Blackburn Chair of Greater Manchester LEP

14. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE “Competitive advantage doesn’t go to the nations that focus on creating companies, it goes to nations that focus on scaling companies.” THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE#scaleup

15. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE “Economic growth doesn’t happen in clusters that focus on creating companies, it goes to those that focus on scaling companies.” THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE#scaleup

16. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE The Report identified 6 main gaps as to why companies cannot scale in the UK … THE SCALE-UP INITIATIVE Sherry Coutu CBE#scaleup 1. The Evidence Gap: public and private sector organisations identify, target and evaluate their support to scale-up companies. 2. The Skills Gap: improve the ecosystem so scale-ups can find employees with the skills they need 3. The Leadership Capacity gap: building their leadership capability 4. The Export Gap: accessing customers in other markets / home market 5. The Finance Gap: accessing the right combination of finance 6. The Infrastructure Gap: navigating infrastructure

17. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBETHE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE http://www.scaleupreport.com #scaleup

18. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE Methodology 8,923 THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE#scaleup http://www.scaleupreport.org/scaleup-report.pdf Source: ONS

19. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE NET Impact of closing the scale up gap in 20 years 225,000,000,000 THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE#scaleup http://www2.deloitte.com/uk/en/pages/strategy/articles/the-scale-up-challenge.html

20. 762 women-led companies £ 1M - £250 Million are expanding at a Median Growth Rate of 30% a year Source: Companies House (via Duedil API)

21. Anya Hindmarch Barclays Bailey Fisher Executive Search BBC CBI Cambridge Network Careers & Enterprise Company Creative Entrepreneurs Decoded Dot Everyone Entiq Facebook Fidelio Partners FieldHouse Associates Genius Foods Go on UK Seven Hills Skills Matter STEMnet SVC2UK TeachFirst The Tech Partnership Tech UK Tech London Advocates Womenintech The Upgroup Unruly US Govt WeAreTheCity Wired WISE Campaign WIT YourLife Campaign Google Campus Grant Thornton Goldman Sachs 10,000 Small Businesses Imperial Innovations Innovate UK Inspiring Fifty Life Skills London & Partners London Stock Exchange Group Merian Ventures MIT New Entrepreneurs Foundation Salesforce Scale Up Institute Second Home Supporters

22. National Growth across sectors Food & Drink, Edinburgh Information Technology, London Staffing & recruitment, London Manufacturing , Cambridge Advertising Technology, London

23. Contributing nearly £ 2 billion more to GDP in last year! Cumulative Revenue £7,156,288,364 £8,864,226,404 £1,707,725,675

24. Average turnover up by more than £ 2 Million in last year! Average Revenue per women-led company £9,631,613 £11,930,318 £2,298,419 Median Revenue £2,171,467 £3,236,190 £881,593

25. 453 are growing at 20% a year of these:

26. 281 are growing at 50% a year and

27. Tech Sector Accounts for 67% of women-led businesses 300 grow at 20% per annum 188 grow at 50% per annum

28. Management Consulting Events Services Internet Sector diversity in women-led businesses is strong PR & Comms 88% 42% 33% 28%

29. National Growth Fast-growing women-led companies present in all regions of the UK 68% headquartered outside London Scottish women-led companies are growing revenues at a median annual rate of 30%

30. National Growth Greater London leads the way with 273 women-led businesses (44 in Camden). Beyond London: Leeds is a stand out city with 43 women-led companies, Enterprise M3 and the South East, home to 29 women- led companies each Greater Birmingham and Solent with 25 each.

31. Growing tech companies Run by Women - Turnover

32. Turnover Growth (GBP) vs Growth Rate (%)

33. Turnover in the last year vs Turnover Growth (GBP)

34. the proportion of women led-businesses increases as the size of the businesses increases & as the growth rate of the businesses increases, compared to businesses overall. 11% of businesses are women- led

35. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBETHE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE http://www.scaleupreport.com #scaleup ✔✔✔ ✗✗✗ ✔ ✔ ✗✗✗ ✔

36. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE

37. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE 100 % Net New Jobs created in Europe in the past 5 years were from companies less than 5 years old…. THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE THE PACE OF CHANGE IN OUR ECONOMIES IS HIGH AND INCREASING

38. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE THE SKILLS GAP IS SET TO GET LARGER…. #scaleup

39. I would be able to grow my company faster if university graduates had the skills needed to meet my customer demand. 82% OF 163 SCALE-UPS AGREE 79% OF 442 CEOs AGREE

40. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBETHE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE THERE ARE A LARGE NUMBER OF ‘OPEN POSITIONS’ #scaleup “1 Billion young people will start work in the next decade - only 40% in jobs that now exist” The Economist, 23 Jan 2016

41. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE THE SKILLS GAP IS SET TO GET LARGER…. #scaleup

42. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE 990,000 1,200,000 . Source: Adzuna THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE THERE ARE A LARGE NUMBER OF ‘OPEN POSITIONS’ #scaleup

43. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE 1M Number of new science, engineering and tech professionals required in the UK by 2020 (Royal Society 2014) 5.8M Number of people forecast to be needed in the app economy by 2018 (OECD) THE SKILLS GAP IS SET TO GET LARGER…. #scaleup

44. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE THE SKILLS GAP IS SET TO GET LARGER…. #scaleup

45. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE THE SKILLS GAP IS SET TO GET LARGER…. #scaleup

46. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE THE SKILLS GAP IS SET TO GET LARGER…. #scaleup

47. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE

48. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE

49. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE

50. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE Teacher Productivity

51. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE Learner Attainment

52. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE KEY INFLUENCERS #scaleup

53. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE THE SKILLS GAP IS SET TO GET LARGER…. #scaleup

54. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE Timing of the intervention is key #scaleup

55. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE

56. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE Inspiration is local 9,200+ business leaders visit local schools across the country Business Leaders Spread Most Deprived Areas

57. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE Inspiration is local 9,300+ business leaders visit local schools across the country Most deprived areas Business Leader Spread by LEP

58. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE Inspiration is local 9,300+ business leaders visit local schools across the country Most deprived areas Events Spread

59. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE Impact 54% of ‘students’ choose a STEM subject after a teacher uses our service Cost per additional employable student £ 1 p.a.

60. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE Assistance in choosing the most relevant speakers: By Curriculum Relevance

61. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE Assistance in choosing the most relevant speakers: By Gender & Curriculum

62. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE

63. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE Linked to Assessment…. #scaleup

64. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE#scaleup

65. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE#scaleup

66. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE F4S tracks the number of student-employer interactions per LEP Note that Cambridgeshire has 354 Business leaders with revenues of more than £1 Million These folks can help out in schools…

67. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE In this case, you can see that the teacher has chosen to view the businesses by growth rate Of the 354 businesses in Cambridgeshire, there are 287 businesses growing by 5% or more There are 39 growing by 150% or more. The user has chosen to view only those businesses growing at > 150%

68. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE Women-led F4S allows the viewer to view women-led businesses in any locale. In this case, you can see that the viewer has chosen to view the women-led businesses growing by 20% or more  (there are 42)

69. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE This website allows the viewer to find women-led businesses in any locale. In this case, you can see that the viewer has chosen to view the women- led businesses growing by 20% or more (there are 42) By clicking on any of the icons, this will take the user to information about the company

70. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE This website allows the viewer to find businesses in any locale. In this case, you can see that the viewer has chosen to view the women-led businesses growing by 20% or more (there are 42) If you click on any of these icons, it reveals the linkedin profile and accounts of the Business Leader of that company so that the reader can a) Write about them if they are a journalist b) Ask them for coffee if they are a Mayor c) Ask them to visit the classroom if they are a teacher d) Consider inviting them to tender for a project if you are a large corporate e) Invite them on a trade mission if you work for UKTI f) Think about investing in them if you are an investor

71. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE This website allows the viewer to find women-led businesses in any locale. In this case, you can see that the viewer has chosen to view the women- led businesses growing by 20% or more (there are 42) Clicking on the red icon, will take the user to information about the company Clicking on the blue icon, will take the user to the school that invited the business leader into their classroom

72. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE If you clicked the blue ‘hat’, you go to the event page which shows that the teacher asked these leaders to visit during a day they spoke about college applications to 90 Year 11 Students at this school. The teacher had chosen three leaders to illustrate careers in this instance.

73. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE We know that there are women-led businesses in Cambridgeshire 13 women-led businesses with > £ 1 Million in revenue are growing their revenues by 150% or more (33% of the business population) 58 women-led businesses with more than £ 1 Million in turnover that are growing by 5% or more (20% of the business population) I wonder why the teacher didn’t choose any women?

74. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE National Benchmarking: Cambridge Leads!

75. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE Inspiration is local Cambridge Leads Student-Employer Interactions per 100,000 of population

76. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE But is it enough? Year 9 Students 8309 Year 10 Students 8481 Average Number of Students at an event 83 Average Number of Business Leaders per event 4 Necessary Number of Student-Employer Encounters 67,160 Number of events needed for Year 9 & 10 population 202 Business Leaders needed 809 Avg anticipated interactions per business leader 2.9 SHORTFALL 58,544

77. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE Together we can eradicate the Skills Gap Corporate: • Dramatically drive down the cost of delivering the teacher workshops (to zero) and • Provide rewards to teachers for referring their fellow teachers to the training workshops • Provide rewards to teachers for booking multiple events using the platform. • Refer women from an engineering background to f4s as volunteers: We often run low on ‘female inventory’, particularly in STEM subjects in Cambridge. • Offer work experience (contact Tricia Kelleher or Simon Armitage) • Sponsor workshops at Schools for year 9 and 10 teachers on how to use of the F4S service. If you are a School Governor: • Help us sign up schools to the Assessment Research Exercise • Recommend a Teacher If you are a Parent: • Recommend a Teacher

78. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE Together we can eradicate the Cambridge Skills Gap

79. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE The Report identified 6 main gaps as to why companies cannot scale in the UK … THE SCALE-UP INITIATIVE Sherry Coutu CBE#scaleup 1. The Evidence Gap: public and private sector organisations identify, target and evaluate their support to scale-up companies. 2. The Skills Gap: improve the ecosystem so scale-ups can find employees with the skills they need 3. The Leadership Capacity gap: building their leadership capability 4. The Export Gap: accessing customers in other markets / home market 5. The Finance Gap: accessing the right combination of finance 6. The Infrastructure Gap: navigating infrastructure

80. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE SCALE-UP INSTITUTE BRIEFING UK ECONOMIC GROWTH Sherry Coutu CBE #scaleup http://www.scaleupreport.com

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