Reds10 Social Value Report 2024

K10 are the UK’s largest construction and infrastructure-specific Flexi-Job Apprenticeship Agency (FJAA) and an award-winning social enterprise, accredited by the National Apprenticeship Service (NAS) and supported by Charities Aid Foundation and Trust for London. K10 have delivered over 3,000 apprenticeships since it’s inception, 62% of their current apprentices are drawn from the BAME community with 88% coming the most deprived areas of London.

Supporting Small, Medium Enterprises Investing in our Industry

The UK has a productivity gap ranging from 23% to 32% when compared to similar economies. Start Ups and Small Medium Enterprises (SMEs) are proven to be more productive, growing and diversifying their businesses, developing new services and innovating faster than other organisations. Working in collaboration with this sector can help to improve productivity and can be a source of innovation and cost and quality improvement. The absence of a fair playing field in procurement and access to growth capital hinder the growth of target organisations in this sector. As a privately owned British company, we strive to invest in British SMEs, promoting growth in the UK.

Apteriors is a multidisciplinary

design studio, with a focus on FF&E design, manufacturing, procurement and installation, Providing a turn-key solution for their clients, they work across educational, commercial, residential and healthcare sectors to deliver functional, practical, and user – centric schemes.

Just 5 years ago, Reds10 was still operating as a SME, employing just 29 people and turning over £15M in 2019. Now in 2024, with a team of over 450 and a turnover of £143M , Reds10 are focused on re-investing funding in Start Ups and SMEs through our supply chain. In the past year, Reds10 supply chain has been made up of over 86% SMEs, and our spend with them has created over £83M in Social Value. Our investment in start-ups over the past year has seen us support new mechanical and electrical company,

Thrive-AI provides an end-to-end solution that puts the client in control of their building, carbon footprint and operating costs. We design, assemble, programme and commission smart building technology to automate building operation and provide real time understanding of your asset performance.

£83M created in Social Value through spend with SMEs

Whether you are a maintenance manager, asset owner or end user, the hassle-free platform prepares clear and tailored actionable insights that drive the reduction of CapEX and OpEX costs, reduce energy use to achieve Net Zero and continue to improve the lived experience.

Enlight10 are a mechanical and electrical (M&E) contractor fulfilling the need for reliable and efficient M&E services in the modular sector. We’re a young and energetic company here to challenge “the way it’s always been done,” and ensuring we are at the forefront of this relatively new industry by

embracing its challenges and technology. Our team of skilled professionals thrive on complex projects, following meticulous processes to ensure M&E excellence and the safest working environment for every single project.

Enlight10, as well as our continuing investment in the SMEs Apteriors (Interior Design and FFE) and Thrive (Smart Buildings Technology) and VCSE, K10 Apprenticeships.

22

23

Powered by