The impact of the SBC award: a view from our award holders
A survey of holders of the Small Business Charter (SBC) award has found that it delivers benefits for the award holding business schools and for the SMEs they support. The research shows that over half of business schools had increased the volume or variety of offerings to SMEs since receiving the SBC kitemark, and a majority had seen an increase in the number of SMEs engaging with their institution and participating in their business support programmes.
The survey found that for business schools the SBC award is effective in acting as a catalyst for collaboration with other stakeholders within the business support ecosystem, including representative bodies, government support agencies and fellow award holders. Over two-thirds of respondents to the recent survey said that their engagement with SME representative bodies or public sector support agencies had increased since achieving the award and none reported a decrease.
The SBC award acts as a kitemark to help SMEs, start-ups and students find a business school that can help them with expert advice, training and courses. To achieve the SBC award, business schools undergo a rigorous assessment to determine the effectiveness of their business support, entrepreneurship education and engagement with their local economy. There are now 35 SBC-accredited business schools across the UK which have directly supported more than 18,750 small businesses.