Scale up summary presentation (ncub) july 4th 2016

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

Scaleups
Skills
& LEPS
THE SCALE-UP INITIATIVE Sherry Coutu CBE#scaleup

“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

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

Start-ups are not SCALE-UPS
Any size*
Any age
Any sector
Any region

We are doing very well on Start-ups...

But we are doing less well at growing them (!)

● The UK has a lower share of large
businesses than the US.
● Large firms with more than 250
employees account for 0.5 per cent
of firms in the UK but 0.7 per cent
in the US.
● This lack of ‘scale up’ means the
economy as a whole loses on
productivity and growth.
THERE IS A SCALE-UP GAP
The Scale-Up Skills Briefing #scaleup Sherry Coutu CBE

SCALE-UPS ARE NOT START-UPS
Scale-ups have different needs
ROI in Scale-ups has big pay-offs for Economic Growth
So we should focus some of our attention and policies on scale-ups
www.scaleupreport.org

“Competitive advantage doesn’t go to the nations
that focus on creating companies, it goes to
nations that focus on scaling companies.”

NET Impact of closing the scale up gap in 20 years
225,000,000,000

“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

These recommendations focus on steps that can enable and
leverage local networks and provide them with actionable insights
to mobilize collective action; the mind-set is one of using existing
resources more effectively, not just providing more support.
Michael Porter, Harvard Business School

“Economic growth doesn’t happen in LEPS that
focus on startups or large companies, it goes to
those that focus on scaling companies.”

“This report is 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

SCALE-UPS ARE THROUGHOUT THE COUNTRY
Scale-ups are found in each of the 39 LEP
areas in England and 6,659 (75 per cent) of
the total 8,923 scale-ups are located outside
of London.
On average a LEP will have approximately
228 scale-ups in their area.
These in turn can be grouped into the
Number of scale-ups companies that employ
between
• 10 and 49 employees,
• 50 and 250 employees,
• >250 employees
#scaleu

https://www.founders4schools.org.uk/local-authorities/#/

https://www.founders4schools.org.uk/women/

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

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

Key Factors for a successful Scale-up ecosystem
IN SUMMARY

The Report identified 6 main gaps as to why
companies do not scale in the UK …
THE SCALE-UP INITIAT 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 Customer Gap: accessing corporate customers in other
markets / home market
5. The Finance Gap: accessing the right combination of finance
6. The Infrastructure Gap: navigating infrastructure

|THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBETHE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE
#scaleup
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REPORT RECAP
Skills
& LEPS

KEY RECOMMENDATIONS
Recommendation 3
Ensure that students at schools,
colleges and universities come into
contact with the top 50 scale-up
business-leaders within 20 miles of
their establishment
Case Studies:
Estonia,
Founders4Schools,
NACUE,
Telefonica’s Think Big
#scaleup

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

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’
These open positions present a productivity problem because
the businesses are turning away customer orders because
they can’t get the staff….
#scaleup

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

Job Creation is linked to companies that are high growth (2015)
In the UK, HGSBs created the equivalent of approx.
4,500
new jobs every week
3 X as many new jobs as the FTSE 100
Source: Octopus investments – hgsb study released Oct 20 2015

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

|THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBETHE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE
JOBS OF THE ‘OLD ECONOMY’ JUST DON’T EXIST ANYMORE’
#scaleup
“1 Billion young people will start work in the next decade - only 40% in jobs that now exist”
The Economist, 23 Jan 2016

THE SKILLS GAP IS SET TO GET LARGER….
#scaleup

KEY INFLUENCERS
#scaleup

Teacher Productivity

Learner Attainment

Figure 4. The value of Apps in helping learning (students)
(Longfield iPad Research, 2012)
Figure 5. The value of Apps in helping teaching (staff)
(Longfield iPad research, 2012)
Teacher ProductivityLearner Attainment

REPORT RECAP
Skills
• Case Studies
Review of LEPS

free to use
productivity gains
Parental engagement
35 million users, teachers and students, in over 220.000 schools across the world to date.

Edmodo, a safe platform where teachers and students
can collaborate, share content, and leverage
educational apps to augment in-classroom learning
Edmodo is interesting because of the way it has
molded social into a shape that suits education at the
K-12 level: as a free service that's teacher-friendly and
easy for school districts to adopt, typically after they
find out their teachers are already using it.
Using Edmodo, teachers invite students into private
groups that can be used for online classroom
discussions, but in a format that keeps the teacher
firmly in control.

35 million users, teachers and students
in over 220.000 schools across the world to date.

free to use
time savings
learner STEM attainment gains
Massive cost savings to the ‘system’

Assistance in choosing the most relevant speakers: By Curriculum Relevance

Assistance in choosing the most relevant speakers: By Gender & Curriculum

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.

Impact
54% of ‘students’ choose a
STEM subject after a
teacher uses our service

Work Experience Pilot:
#scaleup

Timing of the intervention is key
#scaleup

Inspiration is local
business leaders visit local schools across the country
Business Leaders Spread Most Deprived Areas

Most deprived areas Events Spread

Most deprived areas Business Leader Spread by LEP

National Benchmarking: Cambridge Leads!

This service 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

F4S tracks the number of
student-employer interactions
per LEP
Note that Cambridgeshire has
354 Business leaders with
revenues of more than £1
Million

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

Cambridge Leads Student-Employer Interactions per 100,000 of population

SCALE-UP BRIEFING
LEPS DRIVING ECONOMIC GROWTH
Sherry Coutu CBE
#scaleup

Scale up summary presentation (ncub) july 4th 2016

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Scale up summary presentation (ncub) july 4th 2016