A leading support programme is set to return to aid microbusinesses in reaching their ambitions, as reported by Wales Online. Small Business Britain’s research has indicated a significant level of ambition among the UK’s smallest businesses, with over two-thirds hoping to achieve a 50% growth over the next five years. In response to this, the Small and Mighty Enterprise Programme is reopening applications for its April 2025 intake, aiming to assist the nation’s 5.2 million microbusinesses and sole traders in scaling up and enhancing profitability.
The popular programme, delivered in collaboration with global small business platform Xero and university business academics at ARU Peterborough, has supported over 3,500 small businesses since its inception in 2022. The Small and Mighty Enterprise Programme offers a free course designed to equip microbusinesses and sole traders with the necessary tools and knowledge to kickstart their journey towards growth. This program involves expert-led guidance, mentorship, and a supportive community to navigate challenges and foster success in a competitive market.
Small Business Britain’s Founder, Michelle Ovens CBE, highlighted the difficulties faced by microbusinesses in accessing appropriate support to navigate the complexities of scaling. The programme aims to address this gap by offering tailored guidance in areas such as managing finances, engaging new customers, and adapting to market changes. By providing expert advice, mentorship, and a supportive network, the Small and Mighty Enterprise Programme strives to not only ensure the survival of these businesses but also support their flourishing.
The six-week programme, scheduled to commence in April, will be conducted entirely online by Xero and ARU Peterborough experts. The flexible learning format accommodates existing work commitments, enabling individuals across the UK to participate. Small business owners can anticipate weekly sessions covering topics like business strategy, marketing, finance, and resilience, along with free mentoring to develop a customised action plan for the upcoming year. Additionally, participants will gain access to a collaborative network of like-minded entrepreneurs, fostering an environment for sharing knowledge and addressing common challenges.
Through collaborative efforts and tailored support, the Small and Mighty Enterprise Programme aims to empower small businesses to pursue their long-term objectives. Professor Tom Williamson, Assistant Principal of ARU Peterborough, expressed enthusiasm for the programme’s impact on assisting microbusinesses in realising their full potential. The initiative has already supported over 3,200 small businesses in achieving growth and enhancing confidence, with a commitment to aiding future cohorts of ambitious business owners.
By offering targeted support and facilitating a platform for shared learning and growth, the Small and Mighty Enterprise Programme endeavours to uplift microbusinesses in their pursuit of success. The recognition of diverse aspirations and challenges faced by small businesses underscores the importance of tailored guidance and community support in fostering sustainable growth. As the programme prepares to launch its April intake, it stands as a beacon of empowerment and opportunity for microbusinesses across the UK.