This funding round has closed
Procurement brokerage in the education sector
Minimum Target £ 80,000 |
Minimum investment amount £ 500 |
Maximum Target £ 80,000 |
Maximum investment amount £ 0 |
The Better Schools Project Ltd (BSP) is a procurement brokerage in the education sector. The company finds the best suppliers for schools; the business model is for the BSP to charge suppliers a commission for contracts they sign with schools (this rate varies dependent on margins and the companies involved). The business has a growing list of their own clients and has just secured funding to set up as a franchisor.
The Better Schools Project Ltd (BSP) is a procurement brokerage in the education sector. The company finds the best suppliers for schools; the business model is for the BSP to charge suppliers a commission for contracts they sign with schools (this rate varies dependent on margins and the companies involved). The business has a growing list of their own clients and has just secured funding to set up as a franchisor. In Q1 of 2014 they will start offering territories to franchisees to increase market penetration.
The opportunity arose post inception of the academy system in the UK, where schools are given autonomy to choose their own suppliers; previously this was controlled by the LEA's
Schools have the following problems in finding the best value suppliers:
- lack of time to conduct their own searches.
- lack of market knowledge.
Schools are often left with a portfolio of suppliers who are sub optimal in terms of cost and quality.
The Better Schools Project Ltd (BSP) is a procurement brokerage in the education sector. The company finds the best suppliers for schools; the business model is for the BSP to charge suppliers a commission for contracts they sign with schools (this rate varies dependent on margins and the companies involved). The business has a growing list of their own clients and has just secured funding to set up as a franchisor. In Q1 of 2014 they will start offering territories to franchisees to increase market penetration.
The opportunity arose post inception of the academy system in the UK, where schools are given autonomy to choose their own suppliers; previously this was controlled by the LEA's
Schools have the following problems in finding the best value suppliers:
- lack of time to conduct their own searches.
- lack of market knowledge.
Schools are often left with a portfolio of suppliers who are sub optimal in terms of cost and quality.
Location