HP has become a major system integrator to announce its massive plan to support the growing small and medium-sized enterprises (SMEs) in the United Kingdom. Such a program is initiated in response to the government’s call to tap the potentiality of SMEs, which is now seen as the engine of economic growth.
The UK Government believes that the development of SMEs is essential for the steady growth of the overall economy. For maintaining a steady growth of SMEs, the government wants to make UK an ideal place for small businesses to establish and grow. “The Government has introduced a number of significant reforms to the public procurement process to help more small and medium-sized enterprises (SMEs) win central government contracts. We have a clear aspiration that 25% of central government contracts should be awarded to SME,” said Baroness Wilcox, parliamentary under-secretary for business, innovation and skills.
In response to the UK Government’s initiation, HP has stepped in to provide help and support to the growing SMEs with its new innovative program. HP supports more than 600 SMEs in its supply chain, which represents about 10% of the suppliers expenditure. HP wants to increase it over 15% with the addition of another 150 SMEs. “We are stepping up our engagement with this dynamic sector as we believe there is even greater potential to help SMEs bring innovation to our customers and growth to the British economy,” said Nick Wilson, vice president and managing director, HP UK.
The new HP program aims to work on the following plans:
• To include more SMEs in HP supply chain, the company aims to create solutions that are based on technology for both private and public sector customers.
• To renovate the procurement process, HP will establish a suppliers’ list for SMEs with an appointment of a SME Head within the company.
• To stimulate better growth, HP will launch HP Business Answers Awards to reward those among SMEs for their outstanding work.
• To extend its support and advice for SMEs, HP has created a LinkedIn group called the HP Business Answers that has over 6,000 SME members.
HP will also run “bootcamp” events for the approved suppliers and customers, which will allow an interactive opportunity to showcase their innovative products and services. For more information, visit the official HP website.