The Growth Company and Red Flag Alert to launch an online tool at Convention of the North which identifies growth potential
- Wednesday, January 18, 2023
- Posted By The Growth Company
Growth Flag has been developed by Red Flag Alert, a data intelligence platform, and The Growth Company.
It’s a first-of-its-kind, online tool designed with policy makers, commissioners, business decision makers and analysists in mind. It pulls live data from a comprehensive dataset - that is easily analysed by the user - to instantly present clear visuals and downloadable data. This quickly shows where growth potential exists in individual businesses across the UK.
The system is objective and evidence based, not driven by pre-disposed assumptions as to where growth should take place. You can analyse it by postcode area, town, local or combined authority, sector or type of business. It reveals that growth takes place where you may not expect it.
Public sector organisations such as Local and Combined Authorities, Local Enterprise Partnerships, as well as colleges and universities can all use the platform to understand their local economy and support sectors and companies that have the highest growth potential. They can use the online tool to inform policy making, investment strategies and bids - and in the case of educational establishments - curriculum development and academic research.
Private sector businesses can use Growth Flag to understand emerging markets and target relevant sales and marketing activity, and to offer tailored solutions based on where clusters of businesses are on their growth journey.
The partnership and the product will be formally launched at the Convention of the North with a series of workshops and opportunities for political leaders and influencers to see how they can use Growth Flag to target activity and support local economies.
It can facilitate improved strategy development and resource allocation based on a comprehensive and objective understanding of businesses’ growth potential. It provides tables, graphs or GIS interface - which can be shared instantly, and provides quick exportable key contact data for targeting and delivery.
It reduces the need to look across different business data sources and lists, giving you quick access to potential new clients utilising the very latest cloud technology to integrate with new systems and analytical tools, and allows users to quickly manipulate, export and share the most up-to-date business lists.
Growth Flag has a methodology involving a ten-year time frame, 150 data attributes and bespoke algorithms - using robust principal component and multivariate analysis to provide individual company potential growth scores.
Hosted at Manchester Central on Wednesday 25th January, the Convention of the North is being delivered by NP11 – the business-led voice for the North that brings together the 11 Local Enterprise Partnerships (LEPs) from across the North of England.
Convention of the North is the major annual gathering which brings together business, political and civic leaders to discuss the opportunities and challenges facing our region.
As well as key figures from the Government and Opposition, the Convention will hear from Northern Mayors, Council Leaders, leading businesspeople and representatives of the voluntary, community and social enterprise sector as the North shapes its agenda for 2023.
Alongside The Growth Company's presence at the Convention to launch Growth Flag, our United for Ukraine team will also be attending.
Through the United for Ukraine initiative, we're currently supporting over 140 employers and have posted over 400 vacancies on our website’s jobs board - at no cost to the businesses. These employers are willing to offer-up job opportunities to support Ukrainians who’ve arrived in the UK because of the ongoing conflict.
There’s still much more support needed and we’re encouraging even more businesses to partner with us. At the conference, the United for Ukraine team will be sharing the success of the initiative and talking with local leaders and politicians to help raise the profile of the services it provides and build new partnerships to help continue the pipeline of employment opportunities.
For enquiries about Convention of the North, please contact news@greatermanchester-ca.gov.uk.
We’ll share more information about the launch of Growth Flag later this month – including how it can help you and where you can find out more information.
To find out more and to support the United for Ukraine initiative visit https://unitedforukraine.org.uk/.