Serial-awards winner, Adam Jacobs, founder of Bloom Procurement Services, has won Innovation Entrepreneur of the Year for North East at The Allica Bank Great British Entrepreneur Awards.
This latest accolade follows swiftly after he was named one of The LDC Top 50 Most Ambitious Business Leaders for 2023 and one of the most exceptional business leaders at the Great British Entrepreneur Awards 2022 Grand Final, where he won Disrupter of the Year for the North East region.
Recognised annually as one of the most prestigious accolades in the entrepreneurial world, The Allica Bank Great British Entrepreneur Awards received over 5,000 applications this year. The awards celebrate and champion entrepreneurs across the UK, building communities to support their endeavours at various stages of their journey. With stiff competition and a history of recognising businesses that become household names, the awards are a beacon of excellence in the entrepreneurial landscape.
Commenting on Adam Jacobs, the judges, said: “Bloom Procurement Services has set new standards in the public sector procurement landscape. This pioneering business, driven by founder, Adam Jacobs, challenges conventional red tape and bureaucratic norms. With a clear, strong vision and a history of remarkable achievements, this company is more than ‘blooming’, it’s revolutionising how professional services are procured, resulting in substantial savings for public spending.”
Gateshead-based, Bloom, which employs over 100 staff, offers a dynamic supply chain that provides the public sector with a marketplace to buy and manage services. It ensures delivery of quality outcomes from a pre-approved and ever-growing network of suppliers and consultants.
Adam Jacobs, said: “I am thrilled to witness the extraordinary achievements of this year’s winners. Their success stories are a testament to the dynamic and innovative spirit that thrives within UK entrepreneurship. These inspiring entrepreneurs embody the creativity, determination and passion that are at the heart of our nation’s business success. Their accomplishments not only celebrate their own journeys but also light the way for future generations of innovators and business leaders.
“I am truly honoured to receive the accolade of the Innovation Entrepreneur of the Year award – North East region at the Allica Bank Great British Entrepreneur Awards.
“I believe that this is a testament to the hard work, dedication and spirit of the amazing Bloom team that has recently broken through the 100-employee mark. It has been a long journey to date and we continue to push boundaries in the tireless pursuit of innovative outcomes. I’d like to personally thank our entire ecosystems for being a part of our journey.”
The company provides a fully compliant managed procurement service, covering specification development, supplier identification and onboarding, commercial management and lessons learned upon successful delivery of outcomes. Recognised as one of the fastest growing marketplaces for buying services in the UK, Bloom specialises in bringing together a community of 519 public sector organisations and 4,648 suppliers to help the public sector buy and manage services in a compliant, efficient and effective way.
Bloom’s open access marketplace, is outcomes-based, meaning the public sector only pays for what is delivered, achieving, on average, savings of 14%. Bloom aims to give the best choice for its clients and open more business opportunities for suppliers, big or small. Since 2019, £436 million has been awarded and paid to local suppliers with over £126 million of social value created.
The Allica Bank Great British Entrepreneur Awards are more than just an awards programme. Known as the ‘Grammys of Entrepreneurship,’ the awards have become a community that supports, celebrates and champions entrepreneurs at various stages of their journey. With more than 5,000 entries annually, the awards aim to discover and recognise the brilliance within the entrepreneurial business community across the UK.
Richard Davies, CEO of Allica Bank, commented: “It has been a real honour to sponsor this year’s GBEA awards. Hearing the inspiring stories from this year’s winners really brings to life the important contribution British entrepreneurs make to our economy. At Allica, we couldn’t be more excited to see such a talented group of individuals making their mark in the business world and we’ll be keeping a close eye on what they do next.”
Bloom offers a fully managed procurement service that enables public sector organisations to rapidly and compliantly access the professional services they need. Its dedicated team will help manage procurement project from specification build all the way through to project completion.