The new initiative is an agile and rapid support offer that will work in partnership with firms ready to scale and grow exponentially alongside strengthened measures to attract and retain world-leading international talent through the Global Talent Taskforce.

The new concierge service, offering tiered support, will accelerate the most promising scale-ups, and build a strong pipeline of high-growth firms ready to break through.

It will ensure that the current support for business is joined up and delivering targeted support to tackle issues facing promising firms in the country.

This approach will help to unlock deals, unblock delays and create jobs, growth, and opportunity for businesses across all four corners of the UK.

Whether the challenge is regulation, access to finance, procurement, another barrier to growth or access to global talent - its role will be to ensure government acts quickly and decisively to back the highest potential firms and, where necessary and appropriate, get out of their way. 

It will develop and be built as it progresses with input from entrepreneurs and investors.

Business & Trade Secretary, Peter Kyle, said: “If we want the next generation of world-changing firms to be built in Britain, we must make Britain the best place in the world not only to start a company but, crucially, to scale one.

“Britain has the ideas, talent, and ambition to lead the world - and this government is backing the businesses that will define our future.

“We are partnering directly with high-growth firms to give them the support, finance, talent, and connections they need to scale here in the UK and create jobs right across the country.

Chancellor of the Exchequer Rachel Reeves said: “We are backing the UK’s most ambitious firms to start, scale, and stay here – with the finance, talent and support they need to succeed.

“Working in partnership with industry, we are making sure Britain is the best place in the world not just to start a business, but to grow a world-leading one.”

This step change will look to replicate the successes of other nations like France, Singapore, and the US to ensure Britain retains more of its economic success stories of the future.

These firms already contribute £2.2 trillion to the UK economy and employ 3.9 million people, despite making up just 0.8 per cent of businesses.

The new offer will strengthen government support for scale-ups, building on action in the Industrial Strategy, including British Business Bank’s direct equity investments, InnovateUK’s new Velocity programme, and the launch of the Sovereign AI Unit.