With its rich history as an industrial powerhouse, a vibrant and diverse cultural scene, and a rapidly growing tech ecosystem, Manchester has become an ideal environment for startups to thrive. As a prominent startup hub in the UK, the city is home to nearly two thousand high-growth companies. Additionally, Manchester boasts the largest tech ecosystem in the country outside of London, hosting over 500 ambitious technology businesses. 

The high-growth sector in Manchester owes its success to the supportive business environment in the city. Continuous investments in infrastructure and efforts to foster collaboration between academia, industry, and government indicate a promising future for startups. These startups are in a solid position to lead innovation and drive economic growth for years to come. 

The presence of various initiatives in city regions that cater to the needs of founders at different business stages, along with the availability of numerous co-working spaces and accelerators, are also crucial factors supporting startups to flourish. These resources and networking opportunities are instrumental for startups to thrive. 

ASCEND Scale Up is GM Business Growth Hub's newest flagship programme. It is designed to support the region's most ambitious founders. This dynamic six-month development initiative will begin in mid-September 2024 and invite 25 founders to join its first cohort. The programme provides tailored support through workshops that focus on essential aspects for startups to scale. It is designed to help founders tackle five common challenges in their business journey: 

1. Scaling Challenges 

Founders often encounter challenges when scaling their businesses, including managing rapid growth, finance, governance, business strategy, talent management, maintaining quality, and optimising operations. Through ASCEND Scale Up, seasoned Business Advisors offer personalised guidance to help participants create a tailored growth plan for their business. Workshops and discussions with experienced entrepreneurs focus on implementing strategies and systems to ensure a smooth and sustainable business scaling process.  

2. Access to Funding 

Securing funding can be a major challenge for many founders as they struggle to connect with investors and obtain the necessary capital for growth. ASCEND offers the opportunity to connect with active investors in Europe and the US. Participants can benefit from funding workshops and networking events in the programme and can showcase their potential to attract investors at events such as the Web Summit 2024.  

3. Strategic Planning 

Some founders may find themselves lacking the necessary experience or knowledge to develop and execute effective long-term strategies for growth. With ASCEND's Strategy to Action Day, led by KPMG, participants will have the opportunity to learn how to turn their vision into actionable strategies. Expert-led sessions will provide the tools to identify and assess strategic options, ensuring participants make informed decisions for their business' future. 

4. Leadership Development 

As businesses grow, founders need to transition from being doers to becoming leaders, which necessitates acquiring new skills and mindsets. ASCEND offers leadership and personal development workshops that will help improve participant's leadership, emotional intelligence, and entrepreneurial skills. Benefit from the insights of experienced mentors and peers who have effectively dealt with similar challenges. 

5. Networking Opportunities 

Building a strong network of like-minded entrepreneurs and industry leaders can be challenging but essential for growth. ASCEND offers invaluable peer-to-peer networking opportunities. Participants can join an elite community of high-growth leaders in Greater Manchester and expand their connections globally by attending the Web Summit 2024.