PwC is launching a scaleup programme for fintech and govtech businesses
Global consultancy PwC is to launch a programme aimed at linking up high-growth startups with large organisations as part of a UK-wide scaleup initiative.
The PwC SCALE programme will see six initiatives launching across the country with bases in London, Edinburgh and the Midlands, in partnership with accelerator organisations and other delivery partners.
Centered around regional and sector requirements, the London hub will be focused on businesses operating in the FinTech, commerce, health and govtech spheres, and will put them in touch with industry movers and shakers, investors and potential customers.
Explaining the firm’s thinking, Nigel Howlett, UK digital private business leader at PwC, said: “We recognise that the primary needs of scale-ups are to access new customers and gain further investment. In our SCALE programmes we help businesses become fit for scaling, then open the doors to our network, facilitating introductions and funding opportunities.”
The programme has been launched with an eye on the UK’s post-Brexit economy, with the UK’s 5.3m micro businesses set to be a key plank in the country’s economic growth in the coming years according to PwC.
Building upon the business management consultant’s previous scaleup programmes which it says have helped previous participants raise over £60m in equity, the six accelerators launching this autumn are to be followed by an even bigger series of initiatives in 2018.
Howlett added: “Small businesses are an essential part of the UK economy and it’s important we do everything we can to help them prosper post-Brexit.
“The success of our previous scale programmes inspired us to up the ante, with six more in the pipeline in autumn and more to come in 2018.”
Applications are open now for the PwC SCALE programme.