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Skills initiative for small businesses receives funding boost

Published: Monday, 05 December 2016   Category: All Graduate Jobs News

A Newcastle University Business School initiative designed to improve skills and productivity amongst small companies has secured funding to continue into 2017.

The initiative, called Captured, launched earlier this year as one of 32 projects in the UK Futures Programme and has so far benefitted more than 40 companies.

The initial pilot, which took place in Tyneside, came to end in July this year after securing the backing from companies such as Sage, GlaxoSmithKline and Siemens.

However, following a funding boost the Business School and the North East Local Enterprise 
Partnership (LEP), it is now set to recruit new participants with the target of advising an additional 48 businesses on developing and growing their business.

Dr Fiona Whitehurst, Captured project lead at Newcastle University Business School, said: “In the initial pilot phase, it was clear that both small firms and the larger regional organisations saw benefits from the Captured approach.”

Recruiting talented graduates

Due to the support and advice received a number of smaller companies have grown in size, developing enough to recruit a number of talented graduates.

Following the funding, the programme will now be extended to other small and micro companies which are eager to find new ways of growing.

A total of eighteen larger regional organisations took part in the first phase of the initiative and Capture is on the lookout for more.

Colin Bell, Director of Business Growth at the North East LEP, added: "We're thrilled to be supporting an initiative that clearly has had a positive impact on the North-East business community. This type of scheme is essential if we want to grow our economy and enable the region's army of small firms to prosper."

Captured is open to any company that has less than 20 employees and who are eager to develop and grow their business.

For graduate schemes across a range of locations, visit Grad Plus today

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