Showing posts with label banking. Show all posts
Showing posts with label banking. Show all posts

Tuesday, May 14, 2013

The 10,000 Small Businesses Programme

One often says that there is no such thing as a free lunch. It might not be the case with the Goldman Sachs sponsored 10,000 small businesses programme.

The programme modelled after a US programme of the same name aims to stimulate employment creation and economic growth and has a broad regional coverage, including many areas of relative economic disadvantage. It was first piloted in Yorkshire in 2010, followed by expansion to North West England, the Midlands and London. As of April 2013 almost 500 small business leaders across the country have participated, and approximately 250 new participants join the programme each year.

The programme is designed specifically for the leaders of established small businesses who have the ambition and the potential to generate substantial growth in their enterprises. Participation is by competitive entry and is fully funded by the Goldman Sachs Foundation for successful candidates. Businesses need to be established (at least one year of trading), have between 5 to 20 employees and have growth ambitions. While the programme is competitive, the last cohort in London had 25 successful applicants for slightly more than 100 applications. So it is within reach.

Monday, June 25, 2012

Metro Bank: a refreshing approach to banking

Metro Bank continues it rollout in the UK and their latest branch has just opened next door, here in Chiswick.

I met today with Dean Murphy, the branch manager, and I was impressed by his refreshing approach to doing business with the SME. An experienced banker with 20 years of commercial banking under his belt, he showed me around the new branch which has no tellers, a free coin counting machine (available to non clients as well) and safe deposit boxes which most of the other high street branches have gotten rid of. With staff rewards linked to customer service levels and not sales, the emphasis has clearly been put on pleasing clients, something that the other banks seem to have forgotten.