Place Support Partnership (PSP) are dedicated to helping the UK’s Business Improvement Districts (BIDs) and Local Authorities thrive. We are very excited to share this case study with you.
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.
Project overview
PSP partners with North Notts BID to deliver a Savings Scheme Service and aims to help the city’s businesses save money where needed. The service includes cost effectively purchasing a range of products such as energy, telecoms, water, waste management and more. The partnership has proven incredibly successful since its programme launch in 2022 in delivering both astronomical cost savings and support for a successful second-term BID renewal.
So what are the key results from the work so far?
Over £350,000 of savings identified for businesses in the BID area
73 businesses engaged
Return of £6 per £1 invested for the BID
Average saving of £4,999 identified per business
Support delivered across many different sectors including retail, night-time economy, leisure, hospitality, logistics and industrial
PSP also supported with a successful ballot renewal
Business successes include over £84,000 saving on energy renewal for a Logistics Company, £1,832 saving on merchant fees for a brewery and over £4,000 savings on an energy renewal for an independent theatre
Sally Gillborn MBE, Chief Executive at North Notts BID, commented: "By working in collaboration with PSP we are able to offer real value to our member businesses and help the community thrive in challenging times. The scheme aligns with our long-term vision of creating sustainable support to the businesses across the District.” “PSP have been brilliant and instrumental in negotiating the best deals for our BID members, ensuring they get a brilliant return on investment for their levy." “I think the key to the success of this programme is the collaboration and the engagement that the BID team has with the PSP team.”
Max, Director at College Pines Golf Club, commented: "The team was not only professional and knowledgeable, but also incredibly efficient in handling our needs... I was thoroughly impressed with the speed and quality of their service, and would highly recommend them to anyone in need of their expertise.”
Interested in finding out about how PSP could help your place? Get in touch on info@placesupportpartnership.com.
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