Business builder

Grow your small business through partnerships and collaboration

You’d be forgiven as an SME owner for assuming that partnerships are just something large businesses do. In truth, they can be fruitful at any level.

Be informed: the value of partnerships and how to build them

By establishing relationships with other companies, you could: fill skills and knowledge gaps, increase your reach, make valuable contacts, and gain access to valuable resources.

Watch our film to understand more about the benefits of partnering with other businesses.

Be inspired: creating a successful partnerships strategy

Boom Sauce, founded by Maryann Penfold, is a chilli sauce company based in Worthing, West Sussex. She has partnered with a local bakery, as well as other Sussex retailers and hospitality businesses, to reach even more consumers.

Watch our film with Maryann to see how she has formed strategic alliances to grow her brand.

Be successful: why partnerships are an effective way to scale your business

The value of working together became more apparent than ever during the Covid-19 pandemic. Partnerships and collaborations needn’t stop during recovery, they are an effective way to scale.

Check out our podcasts with Dr Jackie Mulligan, founder of nationwide small business campaign, ShopAppy (listen here), and Sanjay Aggarwal, who runs artisanal spice and tea company Spice Kitchen with his mum, Shashi (listen here).

Further reading

For more insights on growing your business, visit the Royal Bank of Scotland Business Hub.

This material is published by NatWest Group plc (“NatWest Group”), for information purposes only and should not be regarded as providing any specific advice. Recipients should make their own independent evaluation of this information and no action should be taken, solely relying on it. This material should not be reproduced or disclosed without our consent. It is not intended for distribution in any jurisdiction in which this would be prohibited. Whilst this information is believed to be reliable, it has not been independently verified by NatWest Group and NatWest Group makes no representation or warranty (express or implied) of any kind, as regards the accuracy or completeness of this information, nor does it accept any responsibility or liability for any loss or damage arising in any way from any use made of or reliance placed on, this information. Unless otherwise stated, any views, forecasts, or estimates are solely those of NatWest Group, as of this date and are subject to change without notice. Copyright © NatWest Group. All rights reserved.

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