The ELITE programme, a partnership between Imperial College Business School and the London Stock Exchange, provides support for high growth Small and Medium Enterprises (SMEs).
Skills and Enterprise Minister Matt Hancock launched the inaugural ELITE event and welcomed the first 20 ELITE company CEOs to the scheme.
Innovative, imaginative and inspiring small businesses are essential for the British economy.
– Matt Hancock MP
Skills and Enterprise Minister
The launch was hosted by Professor G. ‘Anand’ Anandalingam, Dean of Imperial College Business School and Xavier Rolet, CEO of the London Stock Exchange.
Professor G ‘Anand’ Anandalingam, Dean of Imperial College Business School, said: “SMEs are fast becoming the key drivers of growth within the UK economy. This partnership with the LSE will enable us to share Imperial’s academic expertise with the founders and executives on the frontline of business innovation. We look forward to helping equip the first ELITE company CEOs with the tools they need to take their businesses to the next level.”
Matthew Hancock MP, Skills and Enterprise Minister, said: "Innovative, imaginative and inspiring small businesses are essential for the British economy and it is part of the Government's long term economic plan to ensure that they have the right environment to grow. Programmes such as ELITE that offer access to high quality education, advice and support will help businesses scale up in the right way.
"Imperial is at the cutting-edge of links between businesses, entrepreneurs and business education."
The Mayor of London Boris Johnson said: “Small and medium sized businesses are the lifeblood of London’s economy providing employment for over 50 per cent of working Londoners. It’s vital that ambitious young companies are supported as they grow so I warmly welcome the launch of ELITE, which is set to provide practical help and advice.”
The ELITE programme is a two year programme designed by Imperial College Business School. It will provide companies founders, CEOs and executive teams with a tailored portfolio of business support tools, education services and access to a select group of more than 50 business advisory and investment partners. In addition companies will have access to the programme’s Entrepreneurial Fellow, angel investor Sean Phelan, founder of Multimap.
According to recent figures from the Confederation of British Industry, SMEs account for 99.9% of private sector companies and provide 60% of private sector jobs. These enterprises have an important role to play in driving growth, opening new markets and creating jobs. However, some SMEs often find it difficult to expand their businesses because they find it difficult to access resources, funding and build new key business relationships.
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