SMEs offered help winning City of London contracts

SMEs offered help winning City of London contracts

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SMEs offered help winning City of London contractsSmall businesses in London can get help pitching for contracts in the Square Mile, following the launch of six new business support projects by the City of London Corporation.

The initiatives are aimed at small firms in the London boroughs surrounding the City, including Hackney, Tower Hamlets, Camden, Islington, Lambeth, Southwark and Westminster. Delivered by a range of different business support organisations, the six projects are all aimed at helping small firms access the City’s supply chain.

Through these projects businesses on the City fringes can access guidance on tendering for City contracts, building contacts within the City, and improving their pitching and negotiating skills.

“Small businesses tend to rely on one or two main clients,” said City of London Corporation chairman of policy and resources, Stuart Fraser. “We’re working to help small firms in the City fringes review their business pipelines and allow them to better access business on their doorsteps.”

The projects will be delivered in a series of workshops, seminars and one-on-one advice sessions throughout 2009, culminating in a ‘Meet the Buyers’ event in March 2010, where 125 tender-ready small firms will have the chance to pitch to City-based companies.

According to the City of London Corporation, the contract opportunities available to small firms in the Square Mile are diverse, ranging from printing and publishing to transport services, catering and office supplies.

“We hope the new measures will boost small businesses’ share of the City’s supply chain, from its current 4% stake to 13%,” said Fraser.

Federation of Small Businesses chairman, John Wright, praised the scheme and said it would help independent businesses in the City. “The small business sector is a vital source of local income and local employment and helps develop and sustain areas,” he said.

“These efforts should help raise awareness of how business owners can access local projects and feed back into the local economy,” added Wright.

Find out more about the supply chain business-support projects at the City of London website.

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