The FINANCIAL — There have been a number of recent strategic initiatives from the corporate and public sector designed to increase the number of opportunities for small businesses in supply chains, revealed Goldman Sachs 10,000 Small Businesses programme.
These initiatives include those providing financial support for small businesses to engage with confidence in supply chain opportunities, as well as those which commit the corporate sector to the development of a more diverse supply chain, according to Aston University.
“By buying from SMEs, large businesses can help SMEs grow and create local jobs and sustainable communities while also benefiting from their creativity, growth and innovation. This is why, working together with procurement professionals from leading large businesses, Business in the Community has developed The Access Pledge. By taking The Access Pledge, and working to make their business fair, transparent and open, large businesses are allowing SMEs to compete for their business on a level playing field," said Robert Tate, Business in the Community.
“Opening up private and public sector supply chains for small businesses has been an important topic for many years now and while there has been much progress, many challenges still remain. We designed this conference to provide our national alumni with an agenda for action in their businesses and to hear directly from the corporate sector how they can prepare to become suppliers for key national and international clients. I am confident that the delegates will have left this conference better equipped to re-examine their supply chain strategies in the context of their business growth plans,” said Mark Hart, Professor of Small Business and Entrepreneurship at Aston Business School and conference convener.
"I'm very pleased to endorse the Goldman Sachs 10,000 Small Businesses programme alongside Aston and other universities, as it is clear the growth of small businesses is key to economic resurgence,” said Andy Street, (Chair LEP) Managing Director of John Lewis. “This programme is practical, focused and effective, and the results speak for themselves; it clearly adds to their growth potential," Street added.
10,000 Small Businesses UK, which is supported by Goldman Sachs and the Goldman Sachs Foundation, is designed for the leaders of established small businesses and social enterprises who have the appetite and potential to grow their enterprises, according to Aston University.
Discussion about this post