£2m grant fund aims to attract professional services teams
Dow Schofield Watts has earmarked £2m in grant funding to attract professional services teams as it seeks to expand its UK footprint.
The Dow Schofield Watts Entrepreneurship Grant scheme will be open to ‘break-out teams’ from top-tier firms who want to set up their own business as part of its network. The move follows the successful IPO by DSW Capital, which owns the Dow Schofield Watts Brand, in which it raised £5m.
The firm now aims to open new offices in the Midlands, Bristol and Edinburgh, and add new service lines to its eight existing offices in the North West, Leeds, London, Reading and Aberdeen.
It is seeking Director and Assistant Directors who manage an existing team within top six accounting firms. In addition to a one-off grant, the company will provide them with further financial support, mentoring, as well as ongoing infrastructure and back-office support to launch their own business.
James Dow, CEO of DSW Capital, said: “Dow Schofield Watts provides the opportunity for talented teams to launch their own business and enjoy greater flexibility and rewards, as part of a respected brand and with a safety net of support. This new entrepreneurship grant scheme will encourage even more professionals operating in specialist areas to break out and join our growing network.”
A fast-growing, challenger firm, Dow Schofield Watts aims to provide a genuine alternative to the traditional accountancy model, one that gives professionals greater autonomy and flexibility. The network currently comprises 20 licensees with over 80 professionals and ranks as one of the UK’s top 20 most active corporate finance advisers.