In Business growth and finance, Funding, News

North East construction company Howard Russell Construction has seen its annual turnover double after signing up with GrowthAccelerator, the government-backed service which helps businesses to grow.

GrowthAccelerator works with SMEs with up to 250 employees or up to £40m turnover, offering bespoke support to help the business move forward.

Julie Skevington, Business Development Manager at Winning Pitch, said: “GrowthAccelerator is led by some of the country’s most successful growth experts who work with ambitious firms to upskill senior team members and identify barriers to growth.

“Every company is different so the solutions we provide are bespoke and include coaching and access to expert advice which helps North East SMEs to thrive.”

Cramlington-based Howard Russell Construction works with clients throughout the UK, offering a design and build service.

Craig Muldoon, Pre-Construction Manager at Howard Russell Construction, said: “We signed up to GrowthAccelerator and were assigned a coach which turned out to be very beneficial.

“We remained strong throughout the recession with a steady turnover of around £7 million however this coming year, we’re predicting a turnover of around £15 million. It’s a massive increase and I believe GrowthAccelerator has contributed to that.”

As well as a tailored package of support which can include advice on access to finance or coaching by innovation experts, GrowthAccelerator also provides access to up to £2,000 match funding for senior managers to hone their leadership and management skills.

Craig Muldoon said: “The help that Howard Russell Construction got from the scheme has been a strong factor in the company’s growth. We’ve increased our turnover, won new business and taken on more employees. Without a doubt I would encourage other businesses to look into what GrowthAccelerator could do for them.”

GrowthAccelerator is just one of the business support services available to SMEs in the North East.

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