Leadership and Management Grant
Wednesday, 25 May 2011 10:44
Leadership and Management Advisory Service
New help for identifying and funding development opportunities
The government has set up a new Leadership and Management Advisory Service (LMAS) to help eligible employers identify and fund development opportunities for their senior leaders.
The aim of the service is to foster the leadership and management skills of senior staff so they can make full use of their workforce and accelerate the growth of their business.
This is great news for Striding Out clients and we are pleased to confirm that this funding can be used for our coaching and training services (subject to the criteria below)
To be eligible, the business must be in England and have:
- two to 249 full-time equivalent employees
- the potential for high or fast growth
What is defined as ‘High Growth’?
- An existing private sector business that can be expected to increase turnover or employment by 20% or more for each of the next 3 years
- A new business (trading, but for less than 1 year) that can be expected to reach a turnover of £500,000 or more in three year’s time
- An existing Social Enterprise that can be expected to increase turnover or employment by 10% or more for each of the next 3 years
If eligible, the business will receive:
- A free skills diagnostic from a skills adviser. This will identify the leadership and management development required by the nominated leader. This is so they can optimise the contribution of staff and grow the business. The adviser will then agree on a development plan with the leader.
- A government grant of up to £1,000 for use on management and leadership development activity, such as any training agreed with the skills adviser. You will have to match-fund this grant - eg to receive a grant of £500 your business will have to contribute £500 of its own money.
When the development activity is complete, the skills adviser will discuss the impact with you and see if there are opportunities for further skills development that would benefit your business.
How to access it:
Please contact us to see if you can use these funds to help your organisation stride out!
