扒哥吃瓜

• Bespoke concierge service to help听companies of the future听in quest to nurture the UK鈥檚 first trillion-dollar firm听
• Government puts money where its mouth is, launching new service听to help scale-ups grow and stay in the UK听
• New visa reimbursement scheme听to help听high potential听firms听hire the best听

The Business Secretary will unveil a听bespoke concierge service听for the businesses of the future to start,听scale,听and听stay in the UK听as part of听his听quest to nurture the UK鈥檚 first trillion-dollar firm.

Peter Kyle听will unveil听a听new,听agile,听and听rapid听support听offer听that will听work in partnership with firms ready to scale and grow exponentially听alongside strengthened measures to attract and听retain听world-leading international talent through the Global Talent Taskforce.

The听new concierge service, offering tiered support, will accelerate the most promising scale-ups,听and听build a strong pipeline of high-growth firms ready to break through. It will ensure that the current support for business is joined up and delivering targeted support to tackle issues facing promising firms in the country.

This approach will help to unlock deals, unblock delays and create jobs, growth, and opportunity for businesses across all four corners of the UK.

Whether the challenge is regulation, access to finance,听procurement,听another barrier to growth听or access to global听talent - its role will be to ensure government acts quickly and decisively听to back the highest potential firms and, where necessary and听appropriate, get out of their way.听

It听will develop and be built as it progresses with input from听entrepreneurs and investors.

Business听& Trade听Secretary, Peter Kyle, said:

If we want the next generation of听world-changing听firms听to be built听in Britain, we must make Britain the best place in the world not only to start a company听but,听crucially,听to scale one.

Britain has the ideas, talent, and ambition to lead the world - and this government is backing the businesses that will define our future.

We are partnering directly with high-growth firms to give them the support, finance,听talent,听and connections they need to scale here in the UK and create jobs right across the country.

Chancellor of the Exchequer Rachel Reeves said:听

We are backing the UK鈥檚 most ambitious firms to start,听scale,听and stay here 鈥� with the finance, talent and support they need to succeed.

Working in partnership with industry, we are making sure Britain is the best place in the world not just to start a business, but to grow a world-leading one.

This听step change will look to replicate the successes听of other nations like France,听Singapore,听and the US听to ensure Britain听retains听more of its economic success stories of the future.

In 2023, these firms created 拢2.2 trillion in turnover and employed 3.9 million people, despite making up just 0.8% of businesses.

The new offer will strengthen government support for scale-ups, building on action in the Industrial Strategy, including British Business Bank鈥檚 direct equity investments,听InnovateUK鈥檚听new Velocity programme,听and the launch of the Sovereign AI Unit.

This builds on recent work with firms听like听Oxford听Quantum Circuits - who just last week received a 拢100 million investment from the British Business Bank as part of their听拢260听million听Series C round,听Quantexa, who听the bank backed in their Series F round last year and in听May听were听awarded a 拢175 million,听in a听10 year partnership by HMRC.听

Following the first close of the British Growth Partnership Fund I by the British Business Bank in March, pension saver money has already been directly invested in two stand-out UK technology scale-ups, Elliptic and Wayve.

Through support from the Global Talent Taskforce, the UK is strengthening its world-leading scale-up ecosystem in frontier sectors, helping innovative companies to build and expand in the UK by supporting top international talent to lay down roots in the UK.

This targeted support is already helping high-potential companies to scale and succeed, including:听听听

• TreQ, a quantum engineering company founded by US entrepreneur Mandy Birch,听relocated听to Cambridge to tap into the UK鈥檚 deep research base and supportive environment. Now operational and scaling its team, the company听demonstrates听how the UK is attracting globally mobile businesses in听cutting-edge听sectors like quantum.听
• Yonder highlights the UK鈥檚 strength as a hub for fintech scale-ups. By removing friction in accessing international talent, the company has been able to focus on product development and expansion from its London base, reinforcing the UK鈥檚 position as a competitive environment for high-growth firms.听

Too often, innovative companies are forced to prove themselves overseas before they can secure public sector contracts at home 鈥撎齱hich is why听the Business Secretary has been clear that听British companies can scale with the support of government.

DBT is today launching a tender for a private sector partner to run a pilot to strengthen the UK鈥檚 scale-up pipeline.

Delivering the growth agenda in lockstep with industry is critical. That is why the Business Secretary has appointed Penny听Verbe听as Scale-Up Adviser, to help ensure government support reflects what businesses need and champion the sector.

Scale Up Adviser听Penny听Verbe听said:听听

I鈥痑m delighted to be working with the Business Secretary and his team,听alongside Alex Depledge,听the Entrepreneurship Adviser,听to help ensure that the UK鈥檚 most innovative businesses can scale, stay and thrive.

Having founded and grown businesses in the UK and internationally, I understand first-hand the opportunities and challenges听of growth. I look forward to helping create the conditions that enable the next generation of businesses to听flourish听and听continue听contributing听to the UK鈥檚 prosperity.

During LTW, the government will announce new measures to boost access to global talent and support high-growth sectors. At a Global Talent Reception on Wednesday, the Chancellor will set out two new schemes听in detail, including visa fee reimbursement for scale-ups in digital and tech, life听sciences,听and clean energy鈥攈elping firms attract exceptional skills and strengthening the UK鈥檚 global competitiveness.

It will also launch an OfI fast-track referral for a UK Expansion Worker sponsor licence, helping high-potential international businesses set up in the UK more听quickly.

Together, these schemes complement听wider visa reforms and talent measures,听strengthening the UK鈥檚 offer to听world鈥憀eading听talent and investors in key innovation sectors.听

Irene Graham OBE, CEO听ScaleUp听Institute:

The ScaleUp Institute welcomes the package of measures announced by the Government today, which should lead to more proactive and structured engagement with scaleups and high-potential scaling firms - an approach we have long evidenced. The introduction of concierge structures to help fast-track these companies to the connections, opportunities, and support they need, alongside dedicated services, represents a significant step forward.

We look forward to continuing to work closely with Government as these measures are further developed and implemented.

Sarah Gates, VP, Global Affairs, Legal and Assurance at Wayve, said:

The UK鈥檚 future economic success depends on its ability to help innovative companies scale. We welcome these measures, which recognise that high-growth businesses need both access to world-class talent and the right support to overcome barriers to growth.

Government has been a valued partner to Wayve throughout our growth journey, and we look forward to continuing that partnership. Initiatives that help ambitious companies scale faster will strengthen the UK鈥檚 position as a global hub for innovation and help create the next generation of British technology champions.

Building on the Industrial Strategy, Plan for听SMEs,听and Autumn Budget, this is the next step in a sustained cross-government effort to close the scale-up gap and make the UK the home of global leaders.

NOTES TO EDITORS:

• The OECD defines high growth firms as a firm of 10 or more employees with annual growth of 20% or more in either staff or turnover over a 3-year period鈥�

• High growth firm statistics source -