Business Creation and Innovation

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UK Food Businesses Sponsor Body
Boosting Local Food Businesses through Potential Investors
Business Plan
Module Title: Business Creation and Innovation
Module Code: ENTE5000 2021 502
Business Name: UK Food Businesses Sponsor Body
Business Idea: Boosting Local Food Business through Potential Investors
Word Count:
Business Strapline: Fixing Fragile Food Businesses
Developed By: Aziz Latify (P2647741), Upender (P…) and Matt (P…)
Table of Contents
Executive Summary
The UK Food Businesses Sponsor Body (UK-FBSB) will be a for-profit entity aimed at boosting local food businesses through potential investors under the strapline of fixing fragile food business. The entity’s leading objective is to support those food business that have undergone negative impacts of COVID-19 and are currently prone to collapse through provision of small grants to them following a thorough and reliable survey of their status. UK-FBSB will initially be based in Leicester city determined to establish branches throughout England and the United Kingdom.
As far as the Leicester city holistically homes impermanent citizens from diverse ethnicities including international students, tourists and merchants who dwell in the city for a short and certain period of time, these people in most instances either visit local food businesses to satisfy their food necessities. Now, many of these local food businesses in Leicester city are either terribly affected or are likely to collapse resulting from COVID-19 implications which could not be a good news for the citizens of the town. To that end, taking this as an opportunity the UK-FBSB concluded to retrieve the status back to normal through provision of grants to the affected local businesses.
The most prominent objectives of UK-FBSB are to ensure that the community does not suffer from lack of existence of licensed and credible food businesses, supporting the suffered business owners, re-stabilizing the local economy, ensuring public access to healthy and hygienic food, and encouraging public trust on the government.
As referred to overhead, Leicester city holistically homes citizens from diverse ethnicities including international students, tourists and merchants residing in the city for a short period of time, thus the city center and city market is mostly packed with food businesses on a high demand, both with dine-in and home delivery services. By reason of this – the demanding food market – it would best result to re-stabilize the food businesses of the community in loss due to COVID-19 reflection.
Taking into account the fact that UK Food Businesses Sponsor Body (UK-FBSB) is a first-hand and new initiative that will be proposed to the government for approval and funding, there will be no competitors its way forward it. That’s why this body is most likely a promising and stable initiative that will bloom shortly and overcome in the market being demand-oriented and highly in the request. Nevertheless, as its vision entails the UK-FBSB shall be proactive to compete any future competitors by tackling with product innovation, personalization of products, location contemplation and customer services. Additionally, utmost focus shall be spent on escalating customer satisfaction level through quality services, marketing efforts and utilization of advertisement and commercial platforms.
As it was depicted above the funding sources of the UK-FBSB will be ensured through the government channels. Since this body will be entering into a contract with the government where the final impacts of its outcomes will be attributed to and enjoyed by the state, there will be a contract in between the two parties where the government will fund its activities and programs and the proposal in whole. On the other hand, there could be other potential funding sources as well such as charity organizations, UN bodies, foreign grants, etc that could provide financial supports if a mutual consent is reached.
As the UK-FBSB’s main funding source is the government, its financial projections for the year-1 includes of an overall budget of GBP 2 million, of which GBP 1.5 million is projected as its overall expenses. Thus, the rough profitability projection would amount to GBP 0.5 million which could rise up by GBP 0.1 million from different scenarios such as convincing of volunteering employment. Vice versa, it could fall by GBP 0.1 million from different scenarios such as calculation of risks like natural disasters, change in state legislations, increase in labor wage, etc.
Future considerations of the program include but not limit to expansion of the program across the UK by establishing other local branches, encouraging more funding and support from the government and United Nations, ensuring employability and providing employment opportunities by hiring individuals to support the different divisions of the program, namely, the oversight division, the liaising/communication division, the operations division, the hygiene division, licensing division, etc, and establishing hygienic/health practices department which will undertake compliance and obedience of the food businesses with the NHS and WHO food health regulations and practices in place. These considerations will be executed following a solid planning and comprehensive consultations with think tanks and experts.
The Problem/Opportunity Statement
Over the last year, there has been a wide gap between the people and the food market resulting from COVID-19 lockdown that has significantly retarded the growth of industries. This problem is responsible for the soaring prices of goods and services within the country and advocated for a reasonable way out. The wide discrepancy between the supply and demand of food matters, in the face of humongous capital investment and a lethargic corresponding attempt by stakeholders to remedy the situation, presents a worthwhile opportunity for a relief actioning.
As stated, there is a tremendous demand waiting to be harvested in the country under which if properly handled, can meet the needs of the local food businesses in addition to turning in great profits that will sustain the process. The need for sustainable food businesses in UK as a major driver of the economic growth is deemed necessary. It is important to note that in recent times, food market has improved, despite being only significant in certain areas of the city.
UK Food Businesses Sponsor Body (UK-FBSB) will be an inspiring body, ensuring trust between the government and the local traders with excellent and interesting economic turnout. The mission is to have not only relief support, but also efficient and superior service – customer satisfaction is our paramount objective. UK-FBSB will be the entity of choice for all local food business suffered from the implications of COVID-19.
This is regarded as an opportunity; not because the food businesses are suffering and speedily need a way out, but because it offers a room to create a solution that will be easily acceptable by the parties involved. The quest to address this gap in line with the provisions of UN sustainable development goals is a viable opportunity. UK-FBSB, thus, takes up this quest in addition to partnering with forward looking investors to curb the malaise deficit in Leicester at the first instance, as well as trigger economic growth and sustainability.
Business Idea
The idea (Boosting local food businesses through potential investors) was developed from the economic fragility of local food businesses resulting from COVID-19 pandemic in Leicester where customers could enjoy a variety of food items including fresh food, vegetable, drinks, and eatery area in one place. It will be located in the Leicester city centre which is the shopping area. The food businesses such as KFC, McDonalds, Starbucks, etc are also passionate to earn some sort of funds to economically refresh and energize their activities. The eating area will be set up for those who would like to have x`healthy meals and drinks. The major aim is to attract people fond of branded meals, observing dietary and other health conditions.
UK-FBSB (UK-Food Businesses Sponsor Body) creates a great value to the environment by building trust between the businesses and the state and ensuring healthy food products for the local residents of Leicester city. Not only the global economic value, UK-FBSB aims to promote local businesses and employ the local staff which will increase the national income.
Business Model
The UK-Food Businesses Sponsor Body (UK-FBSB)’s business model outlines the business’s income origins, market customer level, services and finances and grants it gains from the government and other funding agencies such as UN and other national and international donor bodies. UK-FBSB’s business model is tabulated and graphed with details as follows:
Sr. Number
Sources of Income
Customer Base
Services/Products
Financing
1
UK government
About 700 customers/food businesses
Conducting an eligibility survey and providing with grants to re-vitalize these businesses economically
£1.1 million for year-I
2
United Nations
About 100 customers/food businesses
Conducting an eligibility survey and providing with grants to re-vitalize these businesses economically
£0.3 million for year-I
3
National donor agencies
About 100 customers/food businesses
Conducting an eligibility survey and providing with grants to re-vitalize these businesses economically
£0.3 million for year-I
4
International donor agencies
About 100 customers/food businesses
Conducting an eligibility survey and providing with grants to re-vitalize these businesses economically
£0.3 million for year-I

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Sustainability – UN SDGs
The UK-Food Businesses Sponsor Body (UK-FBSB)’s business idea—boosting local food businesses through potential investors, could be linked to five of the United Nations Sustainable Development Goals (SDG) in terms of mitigating poverty, ensuring healthy food, work opportunities, economic growth, industry revitalization and sustainable cities. These SDGs include:
SDG 1: No poverty
SDG 3: Good health and well being
SDG 8: Decent work and economic growth
SDG 9: Industry, innovation and infrastructure
SDG 11: Sustainable cities and communities
SDG 1: No poverty
The UN SDG 1 calls for an end to poverty in all its manifestations by 2030. It also aims to ensure social protection for the poor and vulnerable, increase access to basic services and support people harmed by climate-related extreme events and other economic, social and environmental shocks and disasters. Thus, the UK-FBSB’s work contributes in the area of avoiding poverty and impoverishment in the long run as poverty may take place if bankrupted and broken food businesses are not supported and re-habilitated economically. Our aim will not only contribute towards ending poverty in the long term but it will also flourish the ground in the direction of further development of the businesses hit by COVID-19 in Leicester city at the outset with an aim of expansion throughout the United Kingdom.
SDG 3: Good health and well-being
By 2030, reduce by one third premature mortality from non-communicable diseases through prevention and treatment and promote mental health and wellbeing. … Strengthen the prevention and treatment of substance abuse, including narcotic drug abuse and harmful use of alcohol.
Supporting local food businesses that have proper licenses attested by the health entities of the state will guarantee public access to healthy food and eventually well-being in the community. This is done by UK-FBSB through oversight practices over their hygienic functions and food components sold to the customers. Bearing this in mind, our business idea is interconnected with the UN SDG 3 in a coherent manner.
SDG 8: Decent work and economic growth
COVID-19 has disrupted billions of lives and endangered the global economy. The International Monetary Fund (IMF) expects a global recession as bad as or worse than in 2009. As job losses escalate, the International Labor Organization estimates that nearly half of the global workforce is at risk of losing their livelihoods.
Even before the outbreak of COVID-19, one in five countries – home to billions of people living in poverty – were likely to see per capita incomes stagnate or decline in 2020. Now, the economic and financial shocks associated with COVID-19—such as disruptions to industrial production, falling commodity prices, financial market volatility, and rising insecurity—are derailing the already tepid economic growth and compounding heightened risks from other factors.  
By encouraging funds from the government and other donating bodies, our work will improve the economic situations left back by COVID-19 and will contribute towards bringing in economic growth as a result of enhancing the local food businesses, providing employment opportunity to hundreds of people in the local food businesses and pushing back the economic cycle of the society. Providing financial supports to local food businesses will also be considered as a gateway that will help build trust between the government and the businesses which will definitely be an inevitable means of economic growth of the country in the face of the international economies.
SDG 9: Industry, innovation and infrastructure
UN SDG goal 9 encompasses three important aspects of sustainable development: infrastructure, industrialization and innovation. … Industrialization drives economic growth, creates job opportunities and thereby reduces income poverty.
Our aim is to support local food businesses. This effort will tremendously help the food industry to grow further and develop ahead. As the food businesses activities lead to industrialization, infrastructure and innovation, thus supporting them in terms of finances and human capital will finally help towards achievement of the United Nations sustainable development goal 9 in a broad manner.
SDG 11: Sustainable cities and communities
The UK-Food Businesses Sponsor Body aims at helping out part of the societies and communities – food businesses stroke by COVID-19 by offering them financial donations and grants gained from the government. The UN SDG 11 seeks to make cities more inclusive, safe, resilient and sustainable. This means guaranteeing access for all to adequate housing and basic services; assuring accessible and sustainable urbanisation and transport, and safeguarding the world’s cultural and natural heritage, among other targets.
To that end, provision of financial supports to local food businesses that are considered as an integral and unavoidable part of the society, will unhesitatingly lead towards achievement of sustainable cities and communities by the year 2030 as set out in the UN SDGs mandate.

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