Revealed — the process behind mutual joint venture, 3BM
Last year 3BM became the first joint venture mutual to spin out of local government.
Prospects was selected in a long and complex ‘competitive dialogue’ procurement exercise as the independent sector partner to support 3BM’s mutualisation. We continue to support 3BM’s development, earning equity in the company over time.
3BM provides a range of support services to London schools, and brings together experienced staff from three high performing London local authorities, the London Borough of Hammersmith and Fulham, the Royal Borough of Kensington and Chelsea and the City of Westminster.
Andy Rennison, Managing Director of 3BM, recently outlined in the Guardian the intensive process of becoming a mutually owned organisation, trials faced along the way and the benefits of allowing all voices to be heard. “As a Group our vision was always about staff empowerment, delivery of our services, a strong social ethos and effective partnerships, and these were translated into our values.
Read Andy’s full opinion piece on the Guardian's website.