Case study: Over ￡200,000 savings identified for Richmond Businesses
Place Support Partnership
Delivering value through structured and balanced business support solutions focussed on reducing costs and efficiency.
Overview
Place Support Partnership (PSP) are dedicated to helping the UK’s Business Improvement Districts (BIDs) and Local Authorities thrive.
The company has been commissioned to deliver over 100 programmes with BIDs and Local Authorities across the UK and has identified millions in savings since 2021.
Introduction
PSP partners with Richmond BID to deliver a Savings Scheme Service and aims to help the city’s businesses save money where needed.? The service was launched in May 2023 and is fully funded for BID members.
The service includes cost effectively purchasing a range of products such as energy, telecoms, water, waste management and more. The service will also include identifying additional income generation opportunities and operating efficiencies where appropriate.
Key Results
Testimonial
Our cost savings programme with PSP has been invaluable to Richmond BID.?Now, more than ever, it's critical to offer our member businesses support with their finances and business health. By working with an experienced team, we have over 30 businesses onboarded and receiving the vital support they need to manage their business costs and efficiencies.?We look forward to continuing to support businesses across many sectors?such as hospitality, retail, the nighttime economy and professional services to name a few.
Ellen Amorina Storrar, Be Richmond BID Manager
Interested in finding out about how PSP could help your place? Get in touch on [email protected].