In addition to its robust Enterprise and Innovation programme which plays to our key sector strengths, Hertfordshire has created a comprehensive package of support to help our businesses to grow, scale up and innovate. This includes:
Hertfordshire Growth Hub
Growth Hubs are local public and private sector partnerships led by their Local Enterprise Partnership (LEP). The service is free at the point of access and provides a mechanism for integrating national and local business support so it is easier for businesses to access the help and advice they need to thrive and grow.
Hertfordshire Growth Hub has been successfully co-ordinating integrated business support since 2014, led by leading business support services provider Exemplas. In the 2018/19 financial year, Hertfordshire LEP awarded the contract to a consortium of public and private sector partners, significantly strengthening its offer to local businesses and helping it to achieve its vision to deliver the best growth hub in the country.
Its new digital platform, supplementing the work of its revamped advisory team, will transform the way that businesses can access support by bringing together a network of leading local, regional and national business support providers in one central location.Visit the Hertfordshire Growth Hub website
Hertfordshire Growth Package
The Hertfordshire Growth Package is an expanding range of specialist business support services tailored to meet the specific needs of SMEs and entrepreneurs, funded by the European Regional Development Fund.
Hertfordshire LEP, working with local support organisations, identified the needs of the county's businesses and secured EU funding as a result.
Hertfordshire’s allocation is split across three themes or priority axis: Research and Innovation; SME Competitiveness; Low Carbon Economy. At present there are 16 services within the Hertfordshire Growth Package, totalling £19,827,428.
One of these programmes is Get Growing; another is Get Enterprising, aimed at start-ups and early stage businesses.
Get Growing provides a structured package of comprehensive support for high growth SMEs by providing specialist support and grant funding via the Growth Hub.
Get Enterprising is a new service to be introduced, which will provide additional tailored support to start-ups and early stage businesses with the propensity to grow and also prepare them to use scale-up support provision delivered by the Growth Hub.
Get Enterprising is financed by £300,000 of LEP’s Growing Places Fund revenue and will be delivered over a three year period. This programme will address a gap between the Hertfordshire Start-Up Programme and mainstream business support and growth services. Support will include:
- Specialist workshop provision and showcase events;
- Mentoring and coaching;
- Facilitated peer to peer networks – including ‘Dragon Den’ style scenario planning;
- Campaign activity to promote adoption of the characteristics of both a productive business and high growth start-up businesses. Campaigns will link to workshop and advisory activity, in addition to an online information provision, where content will sit within a digital platform and can be accessed 24/7.
Get Enterprising will be aligned to the Growth Hub brand and sit within the family of services that contribute to the aggregated Growth Hub outputs. A provider has been selected that will be announced once contracting arrangements have been concluded. The new service is expected to be fully operational by the end of 2019.
With the Growth Hub and Get Enterprising programmes working together, these two services are expected to strengthen significantly enterprise and business support provision across the county. View the expanded range of services:Explore the Hertfordshire Growth Package
Visit Herts is a partnership based organisation that is contributing to the county’s ‘place making’ agenda by promoting the Hertfordshire offer through our attractions and hospitality sector and in working with and supporting businesses to create further opportunities for commerce.
It is jointly funded by the LEP and Hertfordshire County Council, operating as Hertfordshire’s ‘Destination Management Service’ and providing specialist support to businesses in the tourism and hospitality sectors. Visit Herts became Hertfordshire’s first Destination Management Service in 2015. The core funding over three years is £300,000, with the LEP contributing half of that sum.
Visit Herts’ work is targeted around three areas of activity:
- Partnership work, providing the strategic coordination of activity across the county and seeking collaborative opportunities to leverage additional resource and opportunity;
- Marketing and campaign activity, to encourage visitor traffic and to introduce commercial opportunities to businesses in the tourism and hospitality sectors;
- Helping to increase the quality of Hertfordshire’s visitor offer, inclusive of specialist business support to businesses operating in the visitor economy.
Headline outputs include:
- 5% increase in numbers of visitors and value during contract, rising to 7% in year 3 of the contract;
- Based on the Cambridge Economic Impact Assessment published in December 2018 (analysing 2017 data), the Visit Herts contract is currently exceeding target;
- A 6% increase in total value, comparing 2015 and 2017 data, representing an additional £132m into the economy each year. The visitor economy has a value of £2.2 billion within the overall Hertfordshire economy.
Better Business for All
Better Business for All is Hertfordshire regulators’ response to reducing the burdens on business and aims to support growth by building stronger relationships between businesses, local regulators and other interested parties.
It was formed in 2013 and works to boost business productivity and growth by making it easier for businesses to access the regulatory support they need from Local Authorities such as Trading Standards, Environmental Health, Licensing and others.
BBFA also works with regulators to help them better understand the challenges faced by businesses. Access to this support is via Hertfordshire LEP’s website, or businesses can use the ‘Talk to Reg’ tool to check which Local Authority each area of regulation falls under for their business.Visit Better Business for All