Minister for the Cabinet Office, Francis Maude, highlighted our progress at the Robert Oakeshotte Memorial lecture last week. He talked about a number of successful mutual’s that had set up over the last year.
“Spinouts are winning new business – and winning new business fast. …3BM in London increased their business by over 25% in their first year as a mutual”.
The Head of the Civil Service, Department for Communities and Local Government, Sir Bob Kerslake, visited 3BM as part of his research into the Government’s Mutuals Programme. He concluded: “Perhaps the key benefit of the mutual model is that it enables entrepreneurial public sector staff to combine their passion for public service with more scope to improve delivery. It was fascinating to learn more about the Programme first-hand from the people who work on the front-line – four days later and I still feel buoyed by their optimism.”
Patrick Lewis, Director of Partnership Services for John Lewis, has been appointed as the Non-Executive Chair of Trustees for 3BM, the first mutual joint venture to spin out of local Government, which provides a range of services to schools and strategic services to Local Authorities.
3BM, officially launched in April this year at Hammersmith Town Hall by Nick Hurd, Minister for Civil Society, was created by staff from three London boroughs, Hammersmith & Fulham, Royal Borough of Kensington & Chelsea and City of Westminster. All 3BM employees are shareholders, along with Prospects, the education, employment and training company. Prospects, which has been employee owned since 2011 and is one of the largest public service mutual companies, was chosen in a competitive dialogue process.
A new wave of entrepreneurial enthusiasm was unleashed at Hammersmith Town Hall today.
Ray Auvray, Executive Chairman of Prospects said:
“As an organisation which has its roots in the public sector but has moved into the private sector to become a profitable, leading company in education, employment and training, we have a natural synergy with 3BM. We are delighted to support 3BM in this new chapter as a commercial enterprise. The team have a fantastic wealth of experience and great ideas to drive the business forward. We look forward to working alongside them to create a successful business. Prospects is a mutual so we know the benefits of this business model and are keen to share it with other organisations in both the public and private sector.”
Please click the links below to view the press releases about 3BM in full: