30 June 2017
How the British Library can help you turbocharge your business
By Isabel Oswell, Head of Business Audiences at The British Library
The Business & IP Centre officially opened in March 2006 and over the past eleven years, we have welcomed over 650,000 business owners through our doors. The Centre is a front-door to business support, combining access to the UK’s largest collection of business data, intellectual property and market research resources (worth in excess of £5 million) with free and low-cost training, one-to-one advice and referrals, all located in a welcoming, inspiring and accessible space at the heart of the British Library.
When we first launched, we found that the majority of our users were either very early stage businesses or pre-starts. Aspiring entrepreneurs would come into the Centre to make use of the extensive range of resources to help them research their markets, identify their potential customer base and determine whether their start-up idea ‘had legs’ before deciding whether to take the plunge and enter the world of entrepreneurship. Our team of trained business information specialists and expert delivery partners further supported this community of start-ups and pre-starts, helping them to get their ideas off the ground by offering training on a range of business topics including writing a business plan, funding and marketing.
Our changing user base
As the Centre has matured, however, so has our user base and we now cater to a growing community of scaling businesses in addition to supporting new enterprises. Many of the businesses that were supported by the Centre as they took their first tentative steps continue to return to use our resources as more mature companies who are encountering a whole new set of challenges as they seize opportunities to maximize their growth and reach their potential These include business owners like Paul Lindley – who used the Centre to start and grow the Ella’s Kitchen baby food range – and Shaun Pulfrey, founder of the revolutionary Tangle Teezer hair brushes and styling range. Our service has evolved to support the needs of scale-up businesses and to ensure that start-ups with high growth potential get timely access to the resources, training and expertise that they need to scale their business in a sustainable way. This has included introducing our flagship scale-up support offer Innovating for Growth, an ERDF funded programme giving scaling businesses access to three months of bespoke consultancy support to help them develop and implement a growth strategy. Innovating for Growth has been running for four years and in that time has supported over 320 businesses to increase their turnover and create new jobs for the UK economy.
How can the British Library help you scale up your business?
We understand that scaling businesses need immediate access to practical advice and guidance across key areas including branding, exporting, raising finance and leadership, and questions related to these issues crop up time and time again at our events and during the consultancy sessions on Innovating for Growth. But we also know that fast growth businesses are time-poor and don’t always necessarily have the capacity to commit to a longer term programme or to visit the Centre on a regular basis.
For these reasons, our users have called upon the Library to convene a one-day Scale-up Summit, help growing small businesses achieve their potential by giving them the opportunity to put their questions to role model founders and unpick the practical steps they took to make their good business into a great business. This flagship event brings together prominent entrepreneurs, Business & IP Centre case studies and industry experts including The ScaleUp Institute to share the skills and insight that small businesses need to scale up, drive innovation and create jobs.
The event has been specifically programmed to address the four key issues that we know affect business growth, and we’ve brought together carefully chosen keynote speakers along with experienced, expert panellists to explore these issues in-depth and answer your burning questions. Content includes sessions on getting your business in the media, building a terrific team and identifying export opportunities and will give you the takeaways, practical hints, tips and advice that will help you hack your business growth.
We passionately believe that Libraries are the ideal place not just to start your business, but to scale it too. As your business grows it’s more important than ever to know your customers, be aware of market trends and understand the needs of potential new audiences both in the UK and overseas. The Business & IP Centre gives small businesses a commercial edge by offering free access to the type of market intelligence that is usually reserved for large corporations. These resources, combined with our workshops and training sessions, allow entrepreneurs to interpret and apply data to real-life business decisions, making the British Library the perfect place to kick-start your business growth.
Scale-up Summit takes place on Tuesday, July 11, 2017 (09.30-18.30) and is a unique opportunity to turbo-charge your business. Tickets cost just £40.00 including lunch and a networking reception.
Click here to download your full Scale-up Summit schedule
We are delighted to be working with our partners at London Growth Hub and Lucidica to offer ambitious entrepreneurs this unique opportunity to come face-to-face with business leaders, network with peers, share intelligence, spark ideas, find out what drives business growth and increase their odds of scale-up success.