Control your costs with the BID's free savings service

As we move towards the end of the financial year, many businesses are already fully engaged in finalising their budgets for the 2026-27 period.

Cost control – particularly as statutory payments such as business rates, minimum wage and National Insurance are on the increase – is vital to ensuring that successful businesses continue to be so.

That doesn’t necessarily mean cuts. But it does mean identifying opportunities to streamline operations and protect profit margins.

In an economic climate defined by rising overheads, Newport Now BID is determined and committed to help the businesses we represent in and around our city centre to not just endure, but thrive.

All of Newport’s 600+ BID levy payers have exclusive access to our Savings Advisory Service.

The initiative is specifically designed to help our members reduce operational expenses and lower their carbon footprint – and because of their BID membership it is a service provided entirely free of charge.

Newport Now works with experts at the Place Support Partnership (PSP) to provide the professional oversight needed to navigate the ‘cost-of-doing-business’ crisis.

The Savings Advisory Service helps city centre businesses secure maximum value across all essential services, including:

• Utilities: Electricity, gas and water.

• Operations: Telecoms, commercial cleaning and merchant fees.

• Protection: Comprehensive insurance reviews.

  
  

Newport Now BID’s Savings Advisory Service has a proven record of success.

In the last four years, the service has identified more than £128,000 worth of savings for more than 50 businesses in the Newport BID area.

On average, each of those businesses has saved almost £2,000 each.

There has never been a better time to act to ensure your business is not paying out costs unnecessarily for a number of reasons.

Firstly, the Savings Advisory Service can help businesses counteract market volatility.

With energy rates fluctuating and recent increases in National Insurance and business rates, proactive cost management is no longer optional - it is essential.

Secondly, the service can provide bespoke financial insights.

PSP’s specialists don’t offer generic advice; they conduct a tailored review of your specific contracts to identify hidden efficiencies. 

Finally, your business will benefit from expert advocacy.

Navigating complex service contracts can be daunting. The PSP team acts as your advocate, guiding you through every step to ensure you secure the most competitive rates available.

Ultimately, this means businesses in Newport city centre can take control of their overheads.

They can reclaim their capital and reinvest it where it matters most – the growth of their business.

If you are a BID levy payer in Newport and want to benefit from our free Savings Advisory Service, the getting started couldn’t be simpler.

Simply get in touch with PSP via email – info@placesupportpartnership.com – to learn more about the service or book a private one-to-one consultation with an expert advisor.