Business Wales Accelerated Growth Programme Services

Description

Through Business Wales, the Welsh Government offers business support services to inspire entrepreneurs and SMEs to help start, sustain, and grow businesses in Wales. Business Wales is delivered through a blend of external suppliers, grant awards (third party providers) and ‘in-house’ teams within Welsh Government. The Business Wales service encompasses a range of products and services offering information, advice, and support, online, via phone, virtually or in person in both English and Welsh. Certain elements of the Business Wales service are currently delivered by external suppliers, which is expected to run until 2029. The overarching aims of Business Wales are: 1. To build confidence and inspire individuals, entrepreneurs and micro / small medium enterprises (SME) businesses to reach their full potential. To work with key stakeholders to develop a cohesive ecosystem that is visible, simple and connected to ensure Wales is a great place to start and grow a business in the foundation or growth economies. 2. To address a key gap by creating the conditions for businesses to start, sustain and grow through the missing middle in inclusive and sustainable ways. 3. To support the productivity, resilience, growth, decarbonising, and sustainability of micro and SMEs. To secure their long-term future ownership within Wales, cementing their continued contribution to the Welsh economy. This Notice relates to the delivery of the Business Wales Accelerated Growth Programme Services element of the Business Wales services from January 2024 to end of March 2029 (the "Service"). The anticipated aggregate value of the Service for the contract period is GBP 14.632,000 net (2024-2029). Aligned to the wider Welsh Government budget position, the budget for this activity is secured for financial years 2023/24 and 2024/25 only. Therefore, the proposed duration of the Service contract is expected to be structured for a period of up to 5 years and 2 months; an initial period of 14 months, with an option to extend, on an annual basis, for a further 4 years at the sole discretion of the Welsh Government, and subject always to budget approval. Lot 1: To deliver the Business Wales Accelerated Growth Programme Services element of the Business Wales services from January 2024 to end of March 2029 (the "Service"). The Business Wales Accelerated Growth Programme works to support the objectives of the: - Programme for Government: https://gov.wales/programme-for-government-2021-to-2026-html - Wellbeing of Future Generations Act: https://gov.wales/well-being-of-future-generations-wales - Co-operation Agreement between Welsh Government and Plaid Cymru published in 2021 - The Co-operation Agreement: 2021 | GOV.WALES - Economic Resilience and Reconstruction Mission - Economic resilience and reconstruction mission | GOV.WALES The successful Supplier will be required to target pre-revenue and established businesses that demonstrate the potential for high growth: - - To deliver a range of pan-Wales high growth support interventions to ambitious entrepreneurs (pre revenue) and rapid high growth businesses (SMEs), via a relationship management model. - To develop tailored business support packages that will stimulate high growth job creation, support sustainable green business growth, strengthen positive employment practices while improving workplace equality and promoting Fair Work for BW AGP participants. - To deliver a fully accessible and inclusive high growth support service to entrepreneurs and businesses in Wales whilst addressing under-representation and inspiring high growth entrepreneurs, and business owners from all communities to build the confidence, skills, and resilience to develop their businesses. - To increase the turnover, employment, profits, and international export sales of the high growth businesses supported on the BW AGP. - To introduce and embed the Welsh Government Economic Contract to all businesses registered onto the programme. - To work closely with the wider Welsh Government business support (including but not limited to Innovation & Export support), other parts of Business Wales support services, the Development Bank of Wales, the entrepreneurial ecosystem including academia, private, public and third sector, and financial sector organisations in order to complement services and support high growth development in Wales.