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Green economy increases prospects for SMEs

Small and medium-sized enterprises could get a boost to their business with the launch of a toolkit to encourage the use of local supply chains for renewable energy and low carbon retrofitting projects.

The Institute for Sustainability’s new Local Procurement and Supply Chain Toolkit provides detailed information to help SMEs benefit from the increasing focus on local supply chains by large buyers.

Publicly funded bodies in England and Wales are now required to consider how the services they procure can improve the economic, social and environmental well-being of local areas.

Institute for Sustainability chief executive Ian Short commented: “There are increasing reasons for large buyers to think more locally, and smaller businesses who previously felt they wouldn’t be considered or wouldn’t have the right offer should think again.

“Local and smaller suppliers in many cases are more flexible and innovative, allowing them to be more responsive – and contrary to perception are often able to compete on price, too. In addition, they often have a lower carbon footprint because of reduced travel and local sourcing solutions.

“They are also an extremely good fit for opportunities in the growing renewables and low carbon retrofit market, even for large buyers,” continued Mr Short. “The nature of the work means local, trusted businesses can be an important factor in successful delivery.”

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