Frequently Asked Questions

What will the universities want from me/my business?

Business schools may want different things, for example, mentoring business students, delivering guest lectures, giving business advice to their academic staff.

Do the SBC schools offer space for small businesses?

Yes, SBC schools offer space for businesses like yours at a low cost. In addition, you will have access to the university for advice and support, connections with start-up advisors and other businesses based on the university campus.

How can SBC schools support my business?

The SBC schools offer short courses, workshops, networking events. The schools have specialist areas they can offer support on. Our schools have the knowledge, expertise and resources to offer business advice and support to help your business grow.

Why are the SBC schools ‘a go to’ place to ask for support?

Business schools need to undergo a rigorous assessment process to achieve the SBC award and will be evaluated for their engagement with businesses and supporting small firm. Meaning the school will have a lot of experience and expertise in supporting business’s like you.

Which schools currently hold the SBC award?

Please click here for a list of SBC award holding schools.

If the business school does not qualify for the 5 year award, will it automatically be considered for the 3 year award?

Yes. Any business school that applies for a 5 year award but is found not eligible, will automatically be considered for a 3 year award by the assessor panel and by the SBC Management Board.

What is the duration of the award?

There are two categories of award: 3-year Small Business Charter Award: For schools meeting the entry requirement for 12 out of the 31 dimensions, from a fairly equal distribution across three sections. 5-year Small Business Charter Award: For schools meeting the entry requirement for 21 out of the 31 dimensions, including achieving a minimum of 7 dimensions from each section.

What are the fees for the Small Business Charter award?

The application fees are £5000. Additional costs include the cost of the assessor’s travel and accommodation. All attempts will be made by the SBC team to keep the cost of travel low. Once the school is awarded the Charter award, there is an annual award fee of £6000 to maintain the award.

When can the application be made?

Applications can be made at any time of year. However, the SBC Management Board meets four times in a year- March, June, September and November. If you intend to apply for consideration at a particular meeting, you will need to submit the application a minimum of 8 weeks prior to the meeting date. Click here for the 2017/18 board meetings dates.

What is the assessment process?

Business schools will need to submit a completed application form followed by a visit by a panel of three assessors to verify the evidence. The assessor panel will make a recommendation for the award and the decision will be made by the SBC Management Board.

What is the criteria for application?

To be eligible to make an application, the business school will need to be a member of the Chartered Association of Business Schools. The minimum entry requirement is to meet 12 out of the 31 dimensions from a fairly equal distribution across the three sections.

Where can I find the application form and guidance notes?

Click here for the link to the application form and guidance notes

Where do we begin with the application process?

By registering your interest to the SBC Manager, Meenal.datar@charteredabs.org