According to Insider (2019), Scotland has fallen behind most of the UK in growing the vital high-growth scaleup businesses that the economy desperately needs. Dropping 21 places in the number of scaleups per 100,000 population in the latest available ONS statistics.
Barriers to growth in Scotland comprise of access to infrastructure and premises, need for leadership development, and access to talent to hire.
Since E2E was founded in 2011, its aim has been to be the main catalyst for economic growth first in the UK and internationally.
Shalini Khemka, said: “E2E was launched with the support of Scotland’s leading entrepreneurs and I am delighted to see the progress Scotland has grown through over the last 8 years with the increasing growth of tech companies. However, I feel that there’s still a significant requirement needed to help these companies scale through peer-to-peer connectivity, access to finance and talent.”
Scaleups are the engine drivers of local economies. A scaleup is an enterprise achieving an average annualised growth rate of 20% or more over a three-year period, in either turnover or employee count, with at least 10 employees at the beginning of the period. Scaleup Institute 2019, has reported that Scotland has a total of 2,424 scaleups, totaling 188,000 employees, with a turnover of £29.5 billion. According to Insider (2019), the economic analysis and engagement with businesses has shown that Scotland has key strengths that should give the country optimism for the future.
Scotland has a proud tradition of innovation and entrepreneurialism which, if properly harnessed, will see considerable opportunities ahead. Are you an entrepreneur or business leader looking for business connections or investment? E2E is a great platform to build relationships and develop new business activities.
E2E has assembled a world class line up of entrepreneurs to share their knowledge, experience, and wisdom with Scotland’s business leaders at their #ScaleUp2Success EDINBURGH event on 15 May 2019. The speakers include: Jim McColl OBE (Chairman and CEO of Clyde Blowers Capital. Top 10 richest billionaires in Scotland), Peter Proud (Founder and CEO of Cortex Worldwide. Peter sits on both the ScotlandIS Board and Edinburgh Napier University’s Graduate Apprenticeship Advisory Board), Alison Cooper (Founder of Palm Grove Investments. Formally founder of global on-board food and services solutions experts, En Route International Ltd), Richard Morris (CEO of IWG UK. IWG is the world’s largest provider of workspace solutions offering a fast-growing global network of 3000 locations in 120 countries), Russell Dalgleish (Founder and Managing Partner of Exolta Capital Partners. Chairman of Scottish Business Network, a Serial Entrepreneur, Investor, Board Advisor, and Strategist), and Shalini Khemka (Founder and CEO of E2E, Member of The Mayor of London’s Business Advisory Board and Non-executive Director of UK Export Finance).
How to address this issue will be discussed at #ScaleUp2Success Edinburgh on Wednesday.
To reserve your space, BOOK NOW!
Kundai Sasha Masunda, 13th May 2019