For businesses supporting SMEs to prepare for, respond to and recover from disruptive events, which in turn, benefits the community in which they operate
The Barclays Developing Resilience Award has a two-fold objective:
- To recognise businesses who support small to medium sized businesses (SMEs) to be more resilient - helping them prepare for, respond to and recover from cyber-crime, floods and storms, fire and other business disruptions beyond their control
- To recognise where helping businesses to become more resilient can have a beneficial impact on the wider community and how that impact is applied
“Disruptive events can happen anywhere and at any time, at work and at home. These events may relate to flooding, cyber disruption, economic/social upheaval or from challenges presented by a more digitally connected world. Helping small business owners to create resilience and recovery plans helps guarantee their future prosperity.” - Lee Webb, Director Group Resilience, Barclays
In a world faced by extreme weather, political instability, widespread hacking and civil unrest — disruptions can happen at any time to businesses of any size and SMEs are on the frontline. Issues affecting staff, customers and suppliers, or utilities and transport can have a severe impact on the success of a business.
It has never been more important for UK businesses to help SMEs be more resilient; thereby creating shared growth between businesses and communities. The Barclays Developing Resilience Award will recognise projects or initiatives run by businesses that, in terms of both scale and longevity, are making a lasting positive impact on the resilience of both the SMEs and the communities with whom they operate and rely on for future prosperity.
The Award recognises activities that:
Prepare – While a business can never be fully protected from all the risks in today’s world, SMEs can certainly become more resilient to them. Taking time to build resilience and plan for when disruption occurs can provide businesses with a competitive edge in challenging environments.
Respond – Signposting to advice, providing practical support and following-up requests for assistance can help an SME get back on their feet more quickly when a disruptive event does occur.
Recover – Supporting SMEs has a positive impact on our community and therefore makes our society more inherently resilient. When the communities we live and work in thrive, we do too. And when society prospers, we all do.
The award promotes a shared growth approach and seeks to celebrate businesses that encourage SMEs and societies to think about the risks they face. It recognises businesses that take active steps to prepare SMEs and enable them to enhance their resilience before any disruption can occur, therefore, enabling them to recover quickly with minimum disruption to themselves and society.
Alignment with the Sustainable Development Goals: This award celebrates companies that lead by creating accessible opportunities, training, tools and resources for enhancing the resiliency of businesses to support their communities. The Barclays Developing Resilience Award is aligned to the Sustainable Development Goals, in particular, to SDG 11 “Make cities and human settlements inclusive, safe, resilient”.
Successful applicants will be able to clearly demonstrate the following elements of quality resilient programmes or initiatives:
- Successful applicants will be able to clearly demonstrate the following elements of quality resilient programmes or initiatives:
- Programmes and initiatives result in greater resiliency for SMEs, which enables them to continue to support their community.
- Programmes and initiatives have been scaled up to support a number of SMEs, tackle a number of key risks, and / or areas across the UK
- Long-term commitment to resilience from both the business and the SMEs evolving the relationship appropriately;
- Real positive social and business benefits articulated by both the business and SMEs
We welcome applications that are targeted on a particular issue such as cyber or flooding or those that take a more holistic approach to engagement on resilience with SMEs; we are keen to hear from businesses that think of resilience as helping SMEs to prepare for, respond to and recover from.
This category is open to all private sector companies.
- The business should be entering for a programme that goes above and beyond the core purpose of the business
- The entry should focus on impact achieved in the UK
- Businesses of any size can enter and will have an equal chance of winning as entries will be assessed against the scoring guide and not against each other
We recognise that due to the nature of resilient programmes/initiatives, the impacts realised tend to be long-term and can be difficult to proof in the early years. Accordingly, we recommend that applicants entering this award have at least a one-year track record of measuring the benefits for the SMEs. Programmes and initiatives with a shorter track record may still apply but an inability to evidence longer term impacts may make them less competitive against other entries.
Deadline 17:00 GMT on Friday 9 February 2018.