4. Reducing Costs - The Fitzrovia Partnership

SIX WORK PROGRAMMES 2022 > 2027

PROGRAMME 4: REDUCING COSTS

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SIX WORK PROGRAMMES | Reducing Costs

Increasing occupancy costs continue to challenge business in Fitzrovia. Through specialist procurement and economies of scale, The Fitzrovia Partnership provides added value and tangible benefits to help meet members’ economic, corporate and social responsibility, and environmental ambitions.

This key programme has realised circa £4.6m in bottom line cost savings for business members.

THE FITZROVIA PARTNERSHIP WILL:

Maintain our industry leading and award winning joint procurement consolidation scheme to reduce member businesses operational costs. Key commodities will include:
- Energy including securing energy saving grants and incentives
- Waste consolidation
- Freight consolidation
- Office supplies
- Business rates
- Free training
Specifically provide a waste management and freight consolidation scheme to both reduce costs and provide measurable environmental benefits.
Encourage a switch to renewable sources of energy through collective procurement.

Waste and Recycling

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Training

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The Fitzrovia Partnership plays an important role in enabling business continuity and resilience for businesses in the area. Thanks to its savings and procurement programme – the most successful of any BID in the country – we have seen significant bottom-line savings.