Sherry Coutu CBE, Entrepreneur, CEO, Angel Investor, talks about data driven insight in education as a route to economic growth on the In:Confidence 2019 main stage (April 4th at Printworks, London).

1. SCALE-UP BRIEFING
In Confidence
Data driven insight in education - a route to economic growth
Sherry Coutu CBE
#scaleup
http://www.scaleupinstitute.org.uk
www.workfinder.com

2. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE
ENTREPRENEURSHIP
2000
Floated second Start-up
1986
Came to the UK to attend the
London School of Economics
1987
Became a Computer
Programmer
1991
Studied Business at Harvard
1994
Joined my first
‘start-up’
1995
Founded second Start-up
Sherry Coutu CBE < 2000
1997
first ‘startup’ sold
#scaleup

3. #scaleup

4. Advice from a serial entrepreneur and former angel investor
#scaleup
workfinder.com

5. “Competitive advantage doesn’t go to the nations
that focus on creating companies, it goes to
nations that focus on scaling companies.”
#scaleupTHE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE

6. Scaleup businesses are the 'driving
force' of UK economy

7. Job Creation is linked to companies that are high growth (2015)
In the UK, HGSBs created the equivalent of approx.
4,500
new jobs every week
3 X as many new jobs as the FTSE 100
Source: Octopus investments – hgsb study released Oct 20 2015

8. We are doing very well on Start-ups...
The Scale-Up Institute. #scaleup Sherry Coutu CBE

9. But we are doing less well at growing them (!)
The Scale-Up Institute #scaleup
Sherry Coutu CBE

10. Very Few Start-ups Survive and Grow
UK businesses that started in 1998 – 10 years later and beyond
221,731
83,165
8,649
5,934
All businesses that started
with at least 1 employee
Businesses that survived in
2008
Survivors with 10+ employees in
2008
Survivors that achieved at
least 1 year of high growth
100%
37.5%
3.9%
2.7%
The Scale-Up Institute #scaleup Sherry Coutu CBE

11. § Many European economies,
including UK are as effective as
US in creating new businesses
§ Not enough of them grow –
displacing older firms
§ This lack of ‘scale up’ means
the economy as a whole loses
on productivity and growth.
Nesta (2011). A Look at Business Growth and Contraction in Europe
THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE#scaleup

12. 225,000,000,000
#scaleupTHE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE

13. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE
KEY RECOMMENDATIONS
Draw attention to scale-up companies and their
leaders so that it is easier for them to act as role
models to others and to find customers, partners and
investors, both at home and overseas.
#scaleup

14. The Evidence Gap
public and private sector organisations identify, target and evaluate their support to scale-up companies
The Skills Gap
improve the ecosystem so scale-ups can find employees with the skills they need
The Leadership Capacity Gap
building their leadership capability
The Finance Gap
accessing the right combination of finance
The Infrastructure Gap
navigating infrastructure
The Markets Gap
accessing customers in other markets/ home market
KEY BARRIERS

16. 82%
“I would be able to grow my
company faster if applicants had the
skills needed to meet my customer
demand”

17. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE
THE SKILLS GAP IS SET TO GET LARGER….
#scaleup
OF 163 SCALE-UPS AGREE

18. #scaleupTHE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE

19. #scaleupTHE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE

20. #scaleupTHE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE

21. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE
I want to motivate our pupils
with real life examples of people
in the workforce. Many of our
children have a very limited
understanding of the workplace
and what is available in the
world of work. I want to widen
their thinking and use these
businesses to inspire them.
Sharon Liang - St Pius RC Primary - Dundee
“
”

22. Impact
“
”
We looked at all lessons being delivered in our computing science classrooms and
incorporated many of the Education Scotland gender resources for computer science into
the curriculum. We invited four female business leaders via Founders4Schools and made
no apologies for only inviting our S1 girls to this event to hear from these strong female
role models. We recently repeated this encounter as part of Ada Lovelace day. As a result
of this positive discrimination I am very proud that the number of girls studying computer
science in Stirling High has risen from 24% to 46% in the last year. One of our speakers
from that first encounter.
Deputy Head, Alan Hamilton speaking about the work of Shona McAlpine, computing
teacher.

23. Update (Scotland)
June 18 to Feb 19
Edinburgh,
Midlothian and
East Lothian
Dundee and Angus
West Region
In Feb, encounters took place in
10 local authorities, 7 DYW
Regions.
Cumulatively, we have active
engaged educators using our
services in 23 of the 32 Local
Authorities and 13 of the 22 DYW
Groups.

24. SEE/1000 (by local authority)

25. Update (Manchester)
Edinburgh,
Midlothian and
East Lothian
Dundee and Angus
Argyll & Bute
North East
West Region

26. Update (Birmingham)
Dundee and Angus
Argyll & Bute
North East
West Region

27. Update: Edinburgh

28. Update: Forth Valley

29. 82%
“I would be able to grow my
company faster if applicants had the
skills needed to meet my customer
demand”

30. “I would be able to grow my
company faster if applicants had the
skills needed to meet my customer
demand”

31. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE
Workfinder.com
I should be able to tell my
friends about the terrible
work experience I had!!!!
Maitri Panchal

32. Workfinder.com
Workfinder
Get experience at
Britain’s best companies
in a few taps.

33. Workfinder.com
Workfinder
Get experience at
Britain’s best companies
in a few taps.
workfinder.com
AI to guide the student on their next
steps:
Helpful hints and connections to other
local and national resources

34. Workfinder.com

35. Workfinder.com

36. Workfinder.com
“We know how important closing
the attainment gap is to our long-
term economic prosperity, so it’s
fantastic that apps like Workfinder
give businesses a new and
innovative way to connect with
students all across the UK
Well done for coming up with such
a pioneering idea”.
Paul Drechsler, CBI President

37. Workfinder.com
“Our members regularly tell us that
they struggle to find young adults
who are properly equipped for the
workplace”
“Workfinder marks a huge step
forward in tackling this issue. Not
only does it provide young people
with great opportunities, it does so
in the digital space – the natural
domain of those who will excel in
the high-tech, high-skilled
workplaces of the future.”
Mike Cherry
Federation of Small Businesses

38. Workfinder.comWorkfinder.com
Key takeaway Workfinder is closing the skills
gap and empowering students,
whatever their background
Creating a pipeline of post-
brexit talent for our scaleups….

39. SCALE-UP BRIEFING
Data driven insight in education - a route to economic growth
Sherry Coutu CBE
@Scoutu