Keronite in UK’s first Growth Builder programme
Haverhill-based surface technology business Keronite has been chosen in a maiden cohort of 48 companies for the Growth Builder programme – devised by the Government, universities, entrepreneurs and leading UK corporates.
Keronite, which has links with the University of Cambridge, joins worthies such as Mumsnet, Biscuiteers, Touchnote, PayAsUGym, Express Microbiology and Yoyo Wallet on the programme.
Incorporated in 2000, Keronite provides a range of surface solutions to help clients protect light alloy parts. Its patented PEO (Plasma Electrolytic Oxidisation) technology enables Keronite to protect clients’ products from corrosion, prevent wear, offer innovative pre-treatments and enhance the look and feel of aluminium, magnesium and titanium parts.
The company provides a range of services from the development of original application solutions, through the provision of prototype and development support, to the production of pre-launch quantities, startup and full scale productions.
Customers can get access to the technology through Keronite's own facilities in the UK and US, through its network of licensed partners or where appropriate through a complete system installation and technology licensing. Keronite designs and builds bespoke Keronite Power Supply Units (PSU’s) and Keronite Processing Units (KPU’s) which are at the heart of the technology. Keronite also formulates and manufactures all the electrolytes within its existing facilities, which form the other main component of the process.
Growth Builder is a business growth programme designed by entrepreneurs for entrepreneurs.
The cohort comprises businesses from a range of sectors including digital & technology (32 per cent), professional services (17 per cent), construction (10 per cent), manufacturing (eight per cent) and wholesale & retail trade (eight per cent.
Full time staff at the chosen companies range between two and 232 (average number of FTEs is 40). On average the businesses taking part are hitting £4.5 million revenue a year and looking to take on the next phase of the growth challenge.
The businesses will enjoy unrivalled access to government, university innovation, corporate expertise, investors and successful entrepreneurs, including programme ambassadors like Brent Hoberman (lastminute.com, made.com, Founders Forum & Founders Factory), Sherry Coutu (The Scale-Up Institute and Founders4Schools), Sarah Wood (Unruly) and Ed Wray (Betfair).
The programme has been designed by UCL, Natwest, UKTI, BT, PIE Mapping, Fast Growth Forum, the UK Business Angels Association and Loughborough University. This is the first time Government, entrepreneurs, universities and leading UK corporates have joined forces to help British growth businesses. The programme kicked off this week when the cohort met for the first workshop and networking drinks.
Sherry Coutu (pictured) said: “In my 2014 Scale-Up Report we identified a need to support rapidly expanding ‘scale-up’ companies to create a significant proportion of the UK’s economic growth; RBS analysis suggested an additional 238,000 jobs and £38 billion additional turnover is possible if we reverse the ‘scale up gap’.
“In this report I called for Government, entrepreneurs, educators, investors and large corporates to work together to support these businesses. With this in mind, it’s great to see the launch of an initiative like Growth Builder and I look forward to working with the 48 businesses over the coming 12 months and to celebrating every single job they create by fulfilling more and more customers orders from all over the world in coming years.”