Half a billion pound marketplace prepares to open its doors
We flagged this in 2024, asking: ‘Want your business to benefit from half a billion pounds?'. That project, to help Gloucestershire’s biggest firms spend an extra £550m with its SMEs, is almost here.
Dear reader,
Welcome to Thursday’s edition of The Raikes Journal, the thrice-weekly (or more) series of digital newsletters we send out to our growing list of subscribers.
Today we follow up on a story we first touched on this time last year - about an incredibly exciting project that, if successful, could create an extra £550 million spend in Gloucestershire by its very biggest firms.
It might sound too good to be true, but that total is only a tiny percentage of what the county’s biggest 100 firms already spend by way of procurement annually.
The idea is that if those busy buying teams can easily access a list of potential suppliers from Gloucestershire that meet their many needs - ones that tick all their CSR, ethical and environmetal targets too - the benefits would be huge.
As fanciful and ambitious as that might sound, Raikes has been told the digital model that will help make this possible is already onboarding firms - big and small - in readiness for testing. And a launch is being …
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