EY named as Future Fifty supporter
22 October 2013
EY is donating £750,000 worth of their time in mentoring and business workshops to the Future Fifty, a government and private sector support scheme designed to fast-track the growth of the UK technology companies.
Future Fifty was launched in April by the Chancellor George Osborne and Joanna Shields, UK Ambassador for Digital Industries and CEO of Tech City UK, and the first cohort of companies to join the programme were unveiled this week (17 October 2013). They are innovative technology businesses, from across the fashion, leisure, consumer goods to property and financial services sectors, and include companies such as Zoopla, MADE.com, Skyscanner, One Fine Stay, and Just Eat.
The programme aims to connect high-growth companies with expertise and tailored support to enable them to scale rapidly and support their growth. EY is one of a number of private sector organisations, who will be providing coaching and mentoring to the Future Fifty companies. EY will also be running a series of workshops, on issues such as IPO readiness and international growth, as well as providing access to its network of Entrepreneur Of The Year award winners.
Jean-Benoit Berty, EY partner and UK & Ireland head of technology, media and telecommunications commented: “Future Fifty is a great opportunity to further cement the UK’s reputation as a hub for high growth technology businesses and we are really pleased to be able to lend our support. A number of the companies in this first cohort are also former Entrepreneur Of The Year Award finalists and winners and so it’s a real privilege to be able to help these businesses enter their next stage of growth.”
Prime Minister David Cameron said: “I am determined that we do everything we can to make Britain the best place to start, grow and do business. As well as backing the businesses of today, this Government is also backing the innovative, high-growth businesses of the future. The Future Fifty programme is action that will help these businesses to grow and achieve their potential, and help us to compete and thrive in the global race.”
Joanna Shields, CEO of Tech City UK said: “As digital innovation transforms business & society on an unprecedented scale, entrepreneurs around the UK are creating new businesses and new jobs in record numbers. The Future Fifty programme will help the most promising companies make the UK their home and solidify London as the world's digital capital – the most attractive destination for entrepreneurs, startups and their investors.”
Further details on the programme, selection criteria and application details can be found at www.futurefifty.com