COVENTRY and Warwickshire Growth Hub celebrated its tenth anniversary with an event in its Coventry office.
The organisation was set up in 2014 to provide independent business-led support to companies such as sole traders and global giants.
The hub became a stand alone organisation following the closure of Coventry and Warwickshire Local Enterprise Partnership last March.
Craig Humphrey, CEO of Coventry and Warwickshire Growth Hub, said: “This is an important moment in our history because over the last ten years, we’ve helped over 10,000 businesses with expert advice to increase their turnover, access finance, or recruit more staff.”
Around 859 businesses have received advice and information from its experienced account managers over the last 12 months.
Since it opened the Hub has created over 11,000 jobs and added £400million to the local economy.
It has also leveraged £300million in private sector investment for businesses.
Data shows that the hub has a average of 22 per cent engagement, which is almost triple the average of other hubs in England.
Coventry hub is supported by funders including Coventry City Council, Warwickshire County Council and Warwickshire’s District and Borough Councils.
Coun Jim O’Boyle cabinet member for jobs, regeneration and climate change said: “The Growth Hub has done some great work over the last ten years – supporting local Coventry businesses to protect existing jobs and create new jobs.
“We have got some fantastic local businesses and often all that’s needed is a little bit of support with funding or expertise and that’s what the team at the growth hub delivers.”
