Goldman scheme creating jobs

JOBS are being created at Yorkshire small businesses that have participated in a business education programme supported by the investment bank Goldman Sachs, according to a new report.

The report produced by five academic institutions examines the effectiveness of Goldman Sachs’ 10,000 Small Businesses programme. In 2010, Goldman Sachs announced that it was funding a business education programme in Yorkshire to help small businesses grow.

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Around 100 small business owners and social enterprise leaders have graduated on the programme in Leeds. Under the programme, entrepreneurs go on a four-month business and management course which has an emphasis on real-life practical experience. The programme has expanded across the UK. So far, around 500 small business leaders across the UK have participated.

The report, entitled Stimulating Small Business Growth, charts the performance of the first 250 businesses to have completed the programme. Of those small businesses surveyed, 77 per cent reported that they were employing more people than 12 months previously, 66 per cent had increased their turnover year-on-year, and 53 per cent had increased profitability.

The report was compiled by the Saïd Business School, Aston Business School, Leeds University Business School, Manchester Metropolitan University Business School and UCL, who are partners in the scheme.