Guildhall School of Business and Law receives the Small Business Charter award
Guildhall School of Business and Law at the London Metropolitan University has been awarded the Small Business Charter. The national accolade is in recognition of the business school’s impressive work in supporting small businesses, students, graduates, and the local business community.
The institution set up Accelerator (pictured above) - one of the first business incubators in London’s Shoreditch in 2005. Since 2015, Accelerator has housed 67 start-ups that have collectively raised £14.5 million in equity investment, created 236 jobs and directly supported more than 850 entrepreneurs.
Through Accelerator, the School runs competitions such as the ‘Big Idea Challenge’ which offers students the opportunity and experience to pitch for funding. ‘Hatchery’, another programme run through the business incubator, involves more than 1,000 students and has created more than 10 start-up businesses each year. For this outstanding work, the Guildhall School of Business and Law has been awarded an Exemplar with its Small Business Charter.
Guildhall School of Business and Law offers enterprise modules to students not just within the business school but across the university. Small business owners and entrepreneurs are actively involved with academics in the design and delivery of these modules. In the last two years, over 2,700 students have enrolled on enterprise modules and have benefitted from the real-life experience and knowledge offered by businesses.
The Small Business Charter (SBC) award is a national kitemark which recognises business schools which excel in developing student enterprise, engaging with the local economy, and supporting small businesses. The SBC was launched by Lord Young of Graffham, the Department for Business, Energy and Industrial Strategy and the Chartered Association of Business Schools, to connect small businesses with business advice and support provided by the 38 business schools which have achieved the award.
Professor Dean Bartlett, Interim Head of the Guildhall School of Business and Law, London Metropolitan University, said:
“London Metropolitan University aims to transform lives through excellent education. We are delighted this has been recognised through winning the Small Business Charter award. Through London Met's business school and Accelerator, the University's specialist business incubator, our students really do have the tools needed to make a difference in the world of business."
Anne Kiem, Executive Director of the Small Business Charter and Chief Executive of the Chartered Association of Business Schools, said:
"We congratulate Guildhall School of Business and Law on achieving the Small Business Charter award and an Exemplar for its Accelerator. The Management Board were particularly impressed by the positive and far reaching impact of the Accelerator by offering opportunities for start-ups and businesses. We are proud that another UK business school has been able to evidence its contribution to job creation and our vibrant small business economy.’’
Local businesses have welcomed the news. John Gavin, Chairman of G4h Ltd, said:
“As a small business in the City we have found the connection with Guildhall School of Business and Law extremely useful. The information that we have received through events and workshops, and also the fact that they are a hub through which we meet other small enterprises, has resulted in productive partnerships.”