Working with other businesses: consortia
Businesses working together and growing together
A consortia approach to growing your business - setting up co-operative consortia
Businesses that work together can grow together.
Developing business partnerships and consortia to win new work or package and sell your products can help you make business efficiencies and improve your turnover.
The benefits of a consortia approach to business partnerships
Working together with like-minded organisations can create opportunities for everyone involved whether they are sole traders, SME’s or social enterprises.
Consortia members can benefit from:
Economy of Scale. Increased buying power
Procurement. Potential to access bigger and better contracts within the public and private sector
Marketing efficiency. Better marketing and packaging opportunities and access to wider sales channels
Cost savings. Shared costs in IT, infrastructure and support services
Working in consortia can strengthen your income stream and the long term viability of your enterprise. Well set up consortia can bid for public sector contracts, lever discounts and package their products to offer added value to clients and customers.
Expert advice on setting up a co-operative consortium
Our expert team at the Wales Co-operative Centre will help businesses with:
- Advice on suitable business models, organisational and legal structures
- Business and financial planning advice
- Finding finance and accessing grant funding where appropriate
- Support with employment issues
- Support with developing essential equality strategies and environmental management systems
The Wales Co-operative Centre has nearly 30 years’ experience in supporting the development of co-operatives and business consortia. We have supported developments in a range of sectors including the arts, food production, farming and scientific analysis.
Please visit the Wales Co-operative Centre case studies page for examples of how we have helped other companies.
Currently we can offer support to businesses within the Convergence area of Wales through this project:
Contact us for more information.