Jewellery Quarter BID Partnership Saves Local Businesses Over £160,000 on Essential Bills

The Jewellery Quarter Business Improvement District (JQBID) has revealed the strong results of its partnership with Place Support Partnership (PSP), helping local businesses cut costs and navigate ongoing financial pressures.

Through the initiative, 25 businesses across the Jewellery Quarter have engaged with PSP’s cost-saving service, unlocking a total of £160,724.36 in identified savings. On average, participating businesses have saved £10,045 each, delivering an impressive return on investment of 24.35 times the original programme cost.

The scheme focuses on reducing overheads such as electricity and other essential business expenses, providing expert analysis and access to more competitive rates.

Delivering real impact for local businesses

Businesses in the Quarter are already seeing tangible benefits, including:

1. A restaurant achieving a £3,675 saving on electricity

2. A communications agency saving £864.96 on electricity

These savings are helping businesses to reinvest in their operations, improve resilience, and better manage rising costs.

Supporting resilience in a challenging climate

With many small and medium-sized businesses continuing to face increasing operational expenses, the JQBID’s partnership with PSP offers practical, results-driven support at a critical time.

Luke Crane, CEO of The Jewellery Quarter BID says “Supporting our business community is at the heart of what we do. This partnership is delivering real, measurable value, putting money back into businesses and helping them remain competitive.”

Rishi Sood, Founder and CEO of PSP says “At a time when businesses are navigating significant financial headwinds due to rising central government costs, our partnership with JQ BID is more critical than ever. We are incredibly proud of the success seen so far; by providing direct, expert savings advice, we are helping local businesses protect their bottom line”

Ongoing support for the Jewellery Quarter

Following the success of the programme, the JQBID will continue to promote the partnership to ensure more businesses can benefit from the available savings.

Businesses interested in taking part are encouraged to get in touch with JQBID for more information on info@jqbid.co.uk or 0121 233 2814.

Support for your area

Interested in finding out about how PSP could help your place? Get in touch on info@placesupportpartnership.com.

Read case studies and testimonials of PSP’s work here.