How Coventry & Warwickshire LEP Growth Hub Uses Beauhurst to Support Local Businesses

CW LEP Growth Hub logo

Beauhurst gives us so much more than other data providers, and helps us stand out from the competition.

Jon Bass, Finance Specialist at Coventry & Warwickshire LEP Growth Hub

Local Enterprise Partnerships

Coventry University Technology Park, Coventry, Warwickshire

11-50

The Coventry and Warwickshire Local Enterprise Partnership (LEP) Growth Hub is one of 38 Growth Hubs operating across the UK. It is a government-backed organisation, funded by the Department for Business, Energy and Industrial Strategy (BEIS), Coventry City Council, Warwickshire County Council, and the five boroughs and districts of Warwickshire.

Launched in 2014, the Growth Hub works with local businesses in a number of ways, from providing business grants to bringing in specialists in their networks who can address specific skills or recruitment needs.

We recently spoke with Jon Bass, Finance Specialist at Coventry and Warwickshire Growth Hub, to find out how Beauhurst helps him and his team identify, research, and better support SMEs in their area.

Key uses of Beauhurst

    • Finding information on local businesses
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    • Identifying new opportunities and risks 
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    • Producing reports for government and stakeholders
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    • Enriching their CRM

I would say Beauhurst is a must-have. We may need to hire an extra team member if we didn't have access to the platform.

How did you first come across Beauhurst?

We needed a tool to help us carry out due diligence on local businesses, including looking for warning signs that businesses are in distress or about to go under. We can’t go in blind and just hope that we’re looking after the right companies.

At the end of the day, we want to gather the best information we can about the organisations and people that we work with—and that’s only possible if you have a database where everything’s in the same place. Beauhurst is proving very useful to us in this regard. It gives us so much more than other data providers, and helps us stand out from the competition.

What are some of the main ways you’re using the platform?

We have five licence holders who all use Beauhurst in slightly different ways. Our data analyst, for instance, uses the platform to produce reports that are then distributed to the business support community across Coventry and Warwickshire, and to BEIS. Whereas, our account managers use it (usually on a daily basis) to find information on specific companies in our area, especially when preparing for conversations.

Personally, I use Beauhurst every hour of every day. I look at the filing information on company profiles to confirm that our CRM matches up with Companies House data, and to ensure that we have full financials for companies that we’re working with. I also use Beauhurst to proactively reach out to new companies that haven’t been in contact before, and to track businesses that are at risk of going under.

How does Beauhurst save you time?

I always have three tabs open on my browser: LinkedIn, Beauhurst, and our CRM. By using the Coventry and Warwickshire LEP as a location criteria on Beauhurst, there’s no need to search through half a dozen different screens just to find out whether a business is relevant to us or not. I can even focus my search on businesses operating within a certain postcode.

The granularity of data on the Beauhurst platform is also quite astounding—whether it’s how many university spinouts are operating in our area, which companies have received Innovate UK grants, or a news article from six months ago about a company raising funds.

Without Beauhurst, I’d be looking for needles in haystacks…I’d be searching for weeks and creating spreadsheets like they’re going out of fashion. And that’s not a good use of my time. But with Beauhurst, it’s easy. All in all, Beauhurst must save me at least five hours a week.

How are you using our Company Collections tool?

I have Collections set up for each area in Coventry and Warwickshire, so that I can easily identify target companies for us to work with. And I can quickly narrow down these lists, for example by headcount, if I only want to look at companies with fewer than 250 employees.

I also have alerts set up for each of my Collections, including flagging any CVLs (creditors’ voluntary liquidations) from the previous week and businesses that have ceased trading or become inactive. It’s so useful having that information at my fingertips, particularly ahead of team meetings.

How would you describe Beauhurst to another Growth Hub considering a subscription?

Based on the value for money it provides, I would say Beauhurst is a must-have. We may need to hire an extra team member if we didn’t have access to the platform!

Want data on your local council area?

Book a demo today to see all of the key features as well as the depth and breadth of data on the Beauhurst platform.

“It’s taken us an eternity to find the same companies that Beauhurst listed in just minutes!”

Sign up today to get a free demo where you can access the platform.

We’ll help you navigate the platform, so you can:

Everything will be customised around your business and needs, so you can explore relevant data and get the most out of the platform.

Did you know? Beauhurst is the only provider of unannounced fundraisings data—which account for 70% of all fundraisings. Don’t miss out! Sign up now.

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Beauhurst is a single source of truth on the UK’s high-growth economy – it truly is our guiding light in finding the right businesses to approach.

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