SUBSCRIBE

Breaking News on Food & Beverage Development - EuropeUS edition | Asian edition

Headlines > Business

Loading...

Invest in small food firms or risk losing income

By Laurence Gibbons+

11-Apr-2014
Last updated on 11-Apr-2014 at 11:51 GMT

Big food and drink manufacturers should invest in small firms to protect their income streams and benefit from injecting an innovative and entrepreneurial spirit into their businesses.

That’s the view of Emma Jones, founder of Enterprise Nation, in this exclusive video for FoodManufacture.co.uk. Enterprise Nation was founded in 2005 by Jones with the aim of creating an inspirational environment for business owners and entrepreneurs to work together. It also campaigns on behalf of small businesses in the UK.

“There are lots of benefits for big businesses,” she claimed. “[These are] increased sales from making the products themselves, also increased innovation in the supply chain and a little bit more entrepreneurial energy in the company itself.

“What we heard from big businesses – such as Unilever – was if they don’t invest with small businesses, these companies may take future income streams from [them]. Small companies who are very bright, very ambitious, very innovative are out to get customers.”

She added that small businesses have a ‘story’ and ‘personality’ that connects with consumers, which many big firms are lacking.

Back British

Watch this video to find out why Jones believed small food firms could help retailers and manufacturers in their ambition to back British produce.

Last month, Enterprise Nation held the first of its Business Exchange events – the Food Exchange – which encouraged collaboration between big and small businesses to help them see the benefits of partnerships.

Heinz, Danone, Unilever, Sainsbury, Waitrose and Ocado were just some of the firms helping small and start-up businesses to find a way to retail and upsize their companies.

Food Exchange, which took place at The Bakery in Dalston, London on March 26 2014, also advised small firms on the many types of funding available to help grow their businesses.

The event, initially a one-off, was so popular there are now plans in place for another one later in the year.

Subscribe to our FREE newsletter

Get FREE access to authoritative breaking news, videos, podcasts, webinars and white papers. SUBSCRIBE
Tesco soft drinks buyer warns brands PowerPoint can be painful

'PowerPoint can be painful!’ Tesco soft drinks buyer warns entrepreneurs

The head of Tesco’s soft drinks buying team David Beardmore has urged aspiring brands...

Taste genetics: A new way to look at policy and segment consumers?

Taste genetics: A new way to look at policy and segment consumers?

Can new research in to the genetic basis of taste could help manufacturers and...

Delicious disasters: Marketing expert warns manufacturers on 'disruptive innovation' and learning from mistakes

Delicious disasters: Marketing expert warns manufacturers on 'disruptive innovation' and learning from mistakes

Everybody is chasing innovation and the next big idea, but when it comes to...

Global ID: 'Demand for Non-GMO-Project verification doubled after Whole Foods put its GMO cards on the table...'

Global ID: 'Demand for Non-GMO-Project verification doubled after Whole Foods put its GMO cards on the table...'

The growth of the Non-GMO Project verification scheme has been nothing short of explosive...

Merging industries: Top chefs and the food companies can learn a lot from each other, says chef

Merging industries: Top chefs and the food companies can learn a lot from each other, says chef

While there are some differences between high end catering and the large scale manufacturing...

Breakfast cereal decline: Mintel talks opportunities, challenges

Crunch time: Is breakfast cereal doomed to sink?

The global breakfast cereal market faces increasing competition as consumers turn to convenient alternatives,...

Fortified foods vs naturally healthy: IFIC says consumers like both

Fortified foods vs naturally functional: Consumers consider both ‘worthwhile’, says IFIC

Consumers are open to fortified foods just as much as those that contain naturally...

Gluten-free fueled by food skepticism & fad diets: Packaged Facts

Gluten-free: A ‘perfect storm’ fueled by food skepticism and fad diets

Processed food skepticism and fad dieting played a big part in the gluten-free boom,...

Malaysia to double palm oil production by 2020

Malaysia hopes to double palm oil production by 2020

Kalanithi Nesaretnam

Minister, Embassy of Malaysia in Brussels

GM camelina matches fish oil omega-3 levels

The road to fish-oil equivilent GM camelina

Rothamsted Research has achieved omega-3 levels comparable to fish oil in its first GM...

Russian embargo impact on Arla whey and lactose interests 'minimal'

Russian embargo impact on Arla whey and lactose interests 'minimal': CEO

Henrik Andersen

Chief Executive Officer, Arla Foods Ingredients

Thins in packaged bread could spark growth, Mintel

Can ‘thins’ save a dwindling packaged bread sector?

‘Thins’ have taken off in the US and Canada with bread, bagel and even...

All diets work if you stick to them: Research

Little difference between diets, it's the sticking that counts: Research

Dr Bradley Johnston

senior scientist, the Hospital for Sick Children's Research Institute

'People don't break windows': Second Glass boss on US Wine Riots

'People don't throw chairs and break windows': Second Glass boss on starting US Wine Riots

Dubbed the 'Prince of Boston's Wine Revolution' by Stuff magazine, Second Glass founder Tyler...

Bread innovation needed amid carb, additive backlash: Mintel

Additives and carb backlash stumps bread innovation, says Mintel

Stephanie Pauk and Pam Yates

Analysts, Mintel

Drinks manufacturers play a key role in sugar reduction

Drinks manufacturers must reduce sugars: PHE

Drinks manufacturers must work to reduce the amount of sugars in their products to...

Sainsbury's listings at 19, sports drinks at 24: Overly comes of age

Sainsbury's listings at 19, a sports drink launch at 24: Overly entrepreneur on guessing Justin King's email and casting off wide-eyed innocence

Young entrepreneur Chris Hannaway and childhood friend Will Hammersley launched frozen yogurt brand Arctic...

Live Supplier Webinars

The FoodNavigator Salt Reduction Forum
William Reed Business Media
All supplier webinars