18 months of Entrepreneurial Spark hatchery in Brighton


18 months of Entrepreneurial Spark hatchery in Brighton

NatWest’s Entrepreneurial Development Manager in Brighton Fiona Anderson reflects on 18 months of supporting many of the South East’s most inspiring entrepreneurs since the Entrepreneurial Spark ‘hatchery’ launched in August 2015.

Blog Author Image
Fiona Anderson
NatWest Entrepreneurial Development Manager
Blog

09 February 2017

The Entrepreneurial Spark Entrepreneuring Awards held at NatWest in Preston Road Brighton.

 

When the first round of entrepreneurs left the NatWest and Entrepreneurial Spark hatchery in January, it was a truly bittersweet moment for all of us who have been working so closely with them. Although sad to see them go, we were watching their businesses grow and witnessing their amazing development as entrepreneurs.

This moment was also an opportunity to reflect back on everything that has been achieved in these 18 months. Together, NatWest and Entrepreneurial Spark, along with our other partners – KPMG, Dell EMC and Pinsent Masons - have been able to achieve some fantastic results.

In August 2015, NatWest opened the doors of its Preston Park office to 80 entrepreneurs. Of this original group, 12 stayed on for an additional 12 months following the completion of the core six month programme. Over this past year and half we’ve helped over 260 businesses in Sussex to grow and scale and created more than 200 jobs through our partnership with Brighton and Sussex University apprenticeship and intern programmes.

Through our relationship with valued mentors and investors, our businesses were able to raise over £5m in investment and their total turnover increased to around £10m.

We continue to be very proud supporters of not only start up businesses but also those who are growing and scaling and are looking for investment and support in different ways. To date we have given away over £100,000 worth of prize money to those who have shown real engagement and growth in their businesses.

The Entrepreneurial Spark powered by NatWest programme is designed to assist not only early stage and start up businesses but also those who have been in business for a few years and need help with getting to that next stage of growth and investment.

We are looking forward to welcoming another 40 businesses into the hatchery this month and hope to follow in the success of those who have left our programme after 18 months of support.

Posted In

Blog

Related articles

Manchester entrepreneur launches new app and gives shares to first 5000 users

NatWest and Entrepreneurial Spark ‘chiclet’ launches app to help young people find the right job.

Supporting small businesses
Royal Bank of Scotland offers a boost to Scottish small businesses growth

The Boost programme will offer a digital source of support, and access to a team of Business Growth Enablers servicing every region of Scotland.

Supporting small businesses

Latest news

Q4 2016 RBS postcode lending

Lending data published today shows that RBS is a major supporter of the British economy.

Female entrepreneurs in South of England most likely to be labelled as ‘overbearing’, a ‘working mum’ or ‘ruthless’

NatWest research reveals 59 percent of female entrepreneurs in London have been branded with stereotypical gender labels when running their business.

The Start-up Loans Company joins forces with NatWest & Royal Bank of Scotland to fund British businesses

The Start Up Loans Company will join a handful of leading alternative finance firms in an exclusive partnership with a NatWest and Royal Bank of Scotland programme designed to help businesses access alternative sources of finance.

Set Tab for lightbox