BITC Urges UK firms to Make their Supply Chains Accessible for SMEs

A reputable business charity Business In The Community (BITC) wants that SMEs be offered more opportunities to land key contracts by way of enhanced transparency. The company is encouraging organisations throughout the UK to open up their supply chains meaning that smaller firms have a better opportunity of securing these agreements. The charity also wants larger firms to enter into an 'access pledge' thereby promising to make their operations simple, transparent and fair on a level playing field. The goal is to improve communities by enabling local businesses get the major contracts, as per the reports.

Head of operations at BITC, Matthew Lill said: "If you have a £25,000 contract, do you need to have £50 million of public liability insurance against it? Often that is not deliberate and has just been copied and pasted from another contract, but it immediately excludes SMEs."

The purpose of this move is to boost parameters around the supply chains that are present within the aerospace and automotive sectors.

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TFL Contract Worth £88m Goes to Bombadier

TFL (Transport for London) has hired Bombadier- the Derby-based train maker to supply new carriages for its network of passenger trains. The contract is worth £88 million and expires in the year 2015. It is expected by that time that Bombadier will have provided approximately 57 new units for the London Overground system. TfL’s investment is expected to help boost business for Bombadier, however its ultimate effects on jobs at Litchurch Lane’s production hub are still unclear.

“London Overground has been a truly dazzling success and more and more Londoners are now using the vastly improved service. Not only will these new carriages help us meet passenger demand, but they will also support jobs and growth at Bombadier’s birthplace in Derby,” said the mayor of London.

According to the acting director for London Rail, Jonathon Fox, “The increased capacity is vital, London’s population is expected to reach nine million by 2018 and the additional carriages will help London’s transport network accommodate the new residents expected to move to the capital.”

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