Lancashire’s fast growing businesses create jobs and wealth with County Council support
A unique support program designed to help large-scale Lancashire businesses bounce back stronger from the coronavirus pandemic has created around 90 local jobs and returned millions of pounds to Lancashire’s economy.
Two Zero Scaleup Resurgence, fully funded by Lancashire County Council and provided by Lancashire-based business growth consultancy Cube Thinking, was designed to help high-growth small and medium-sized businesses regain their full potential soon after Covid-19.
21 Lancashire companies participated in the 90-day support program from July to October 2020. Participant feedback results also indicate a combined 33% growth in turnover for the 21 participating Lancashire companies over the course of the year since their participation, contributing an additional 4.4 million pounds to the local economy.
As a result of this program, companies have created around 90 jobs and expect further strong and sustained growth.
Nathaniel Butters, director of ECO Surv, was one of the business leaders of the Scaleup Resurgence program. ECO Surv specializes in providing software solutions to the energy efficiency and renewable energy industry and at the onset of the pandemic, Nathaniel took protective measures to ensure his business would withstand lockdowns and prepare it for a downturn. changing market.
Since the end of the program, ECO Surv has nearly doubled its team in all departments to a total of 35 employees and has redefined its brand and value proposition. The company also recently moved to new offices in Chorley as part of a strategic effort for a 50 percent increase in revenue.
Nathaniel said: âThe Scaleup Resurgence program has provided a support network of like-minded businessmen, all in the same predicament as me. We were able to exchange ideas and validate our thoughts. By sharing our experiences, we all came out stronger and more confident.
âIn addition to peer support, Two Zero provided a supportive ‘toolbox’ that allowed us to strategically examine our scale-up goals. “
The Scaleup Resurgence program was aimed specifically at companies looking to achieve sustained 20% year-over-year growth and included quality coaching and mentoring, high-growth masterclasses featuring scaleup experts, and learning. between peers.
Another company to benefit from the program was Matrix247 Communications Group. The company has increased its turnover from around Â£ 3million to Â£ 5.5million and is in the process of recruiting, increasing its workforce from 22 to 40. Matrix247 also recently acquired Task Office Systems, based at Bolton, a specialist in Microsoft Office products and digital copiers. with document management capabilities.
Through the acquisition, Matrix247 can now take advantage of the increased demand for technologies and systems to enable ânew ways of workingâ that was triggered by the lockdown.
Stephen Pritchard, CEO of Matrix247, said: âI have been running Matrix247 with my business partner for 30 years. During this period, we have experienced stable organic growth year over year. Although in the following years, always in single percentage.
âAfter our engagement with Two Zero and the development of aligned strategies across all areas of the business, we immediately saw our organization’s profits and sales reach significant double-digit percentages.
âAfter completing all modules, we were able to maintain this level of scaling, which has doubled our growth since our first engagement with Two Zero.
âMatrix247 now has an even greater alignment on its strategy with sales and marketing and, more importantly, a more mature and dynamic leadership team with a fantastic human culture within our organization already attracting top talent. “
Pictured above, left to right: Stephen Pritchard, CEO of Matrix247 with Jason Kingston (Cube Thinking), CC Aidy Riggott and John Woodruffe (Cube Thinking).
County Councilor Aidy Riggott, Cabinet Member for Economic Development and Growth, Lancashire County Council, commented on the success of the program: ‘With such positive results from a program designed to help Lancashire businesses to strong pandemic, Two Zero’s Scaleup Resurgence program demonstrates how important it is that we continue to support Lancashire businesses which, in turn, help grow the local economy.
âThe combined growth of the companies that have participated in the program has resulted in many positive contributions to the local economy, whether through employment, business expansion and exports. We congratulate and thank all the companies who participated and look forward to providing them with continued support. “