Thousands of SMEs and social enterprises with growth potential are already benefiting from the scheme, which is designed to help stimulate innovation and employment, thereby boosting the economy.

A match funded grant of up to £1,000 can be spent on leadership training and coaching that aids business growth, improving productivity and competitiveness. The programme also includes a free consultation with a business adviser before the training commences, as well as a free follow-up to discuss the impact of the training and any further skills needs.

The scheme is being administered through the regional Leadership and Management Advisory Service. Contact details for the service are available through the Business Link website, where business managers will be able to book a personal leadership and management assessment.

To be eligible, the business must be in England and have:

• up to 249 full-time equivalent employees; and
• the potential for high or fast growth.

The scheme closes in February 2012; therefore, interested parties should now submit applications at their earliest convenience.