National Buying Group (NBG) members will join the BMF as of this month, following a group membership agreement between the two organisations.
Nick Oates, NBG managing director, has said that the benefits of the agreement with BMF are well suited to his organisation’s future plans, and stated that the company’s Executive Board and Partnership are both thoroughly behind the group scheme.
The new agreement will see BMF fees billed and paid by NBG, who will then invoice Partners through an enhanced service fee. Membership will grant them all the benefits of BMF membership, including subsidised industry specific training and networking opportunities, along with commercial benefits such as access to the BMF’s Trade Credit Enterprise Finance Guidance Scheme, which will go live at some point in August.
BMF MD John Newcomb said of the agreement: “I am naturally delighted to welcome all NBG Partners to the BMF. The BMF’s role and services are complimentary to those provided by the major bying groups and together we can represent every facet of the merchants’ business needs.”
Currently, 42 of the 81 NBG Partners have BMF membership, with the remaining 39 joining in August. Any new Partners will automatically be enrolled during the agreement period.