Wednesday, 3 February 2021
Tender - D2N2 Growth Hub - Mid Term Review and ERDF Summative Assessment
The D2N2 Growth Hub provides businesses in Derby, Derbyshire, Nottingham and Nottinghamshire with a single point of access to comprehensive business support utilising the IDB model and frontline knowledge, skills and expertise to signpost clients to the right resources to support business growth.
The Growth Hub is the operational business support service of the D2N2 LEP ensuring what is delivered on the ground is informed by and shapes regional growth priorities.
As a result of the global COVID-19 pandemic and EU transition, HM Government have made additional funding available for supporting the recovery of SMEs as a key pillar of stimulating recovery and building a “new normal”. This has resulted in a subtle but important change in emphasis on the delivery of the Growth Hub service.
The Growth Hub strategy hasn’t changed – we are here to support businesses to thrive and grow and be a first port of call for all business need – but much of the delivery in D2N2 is now focused on ensuring recovery and future resilience of SMEs. In addition, the Growth Hub will need to support businesses through the transformational change required as a result of the net zero agenda and IR4.
Initial work with partners and stakeholders has identified a number of key challenges facing business (not exhaustive):
Adapting to survive and grow
People and skills
Financial Impact post-Covid including Access to Finance
EU transition and new trade regulations
Given this focus for the medium term and the fact that we are at the mid-way point in our Growth Hub ERDF contract, it is timely to undertake a review of the Growth Hub service to ensure that we maximise opportunities for improving ways of working and effective service delivery and exploring future delivery models post-ERDF in order to shape our offer in light of likely new Government policy and funding streams. In addition we would also expect the review to link across to the current national evaluation of Growth Hubs (delivered by Technopolis).
ERDF funding stipulates that a Summative Assessment is undertaken at the end of the project (March 2022). To aid consistency, this tender opportunity will cover both the Mid-Term Review and the final Summative Assessment in one commission.Back