Costain starts Dragon’s Den for staff and supply chain

Aaron Morby 14 years ago
Share

Costain has come up with a fresh plan to nurture ingenious business ideas within the company.

Under the Costain Start-Ups scheme, staff are being invited to submit innovative business ideas, which if judged to be good enough will win the support and resources to make them a reality.

This will include help with finance, HR and legal as well as the technical advice needed to bring the business to life.

The idea is similar to one being piloted by Skanska, which has put up a cash pot for in-house teams to fund upfront costs of green efficiency improvements for clients.

Outsourcing contractor Mitie launched the industry’s most ambitious scheme – Mitie Millions – last February. The firm has put together a £10m fund to encourage any entrepreneurs to start-up Mitie Model businesses.

Costain hopes the idea will spur its transformation from contracting into a full-service provider of front-end engineering consultancy and design, through construction to back-end care and maintenance.

Staff with ingenious ideas will get the opportunity to work full-time developing them and getting the business off the ground.

Ross Agnew, Costain’s Group Strategy Director, said: “Costain is committed to providing intelligent solutions to our customers’ problems and we also recognise how difficult it is to get good ideas off the ground.

“We believe that innovation is integral to our business model and this is just one way in which we are looking to support this.

“This is an exciting opportunity for anyone who has ever wanted to run their own business and who has an idea that provides new intelligent solutions to meet our customers’ needs,” said .

Agnew said the company will consider all ideas that align with Costain’s business strategy.

The scheme is open to everyone within the business, including its supply chain and customers.

Latest news

Habiko submits first 240-home scheme in Warrington

PIC, Muse and Homes England partnership lodges plans for twin affordable housing blocks
2 days ago

Probe launched after Falcon tower crane collapse

Luffing jib tower crane collapsed on Hill Group housing site
2 days ago

McLaren tops contracts league on data boom

Mega datacentre deal drives firm to pole position in February rankings
2 days ago

MTX wins £33m Welsh modular hospital revamp

Work is due to start on site in the next few weeks
2 days ago

North West landlord unveils £428m contractor panel

Morgan Sindall, Robertson and Seddon among major lot winners
2 days ago

Housing drags down fledgling construction recovery

Buyers report return to accelerated downturn but still hopeful for year ahead
3 days ago

Taylor Wimpey to spend £150m this year on safety defects backlog

House builder reveals cavity barrier defects behind most of £222m jump in provisions
3 days ago

Near-1,000 homes approved for Isle of Dogs site

42-storey co-living tower and 27-storey affordable housing block backed
3 days ago

Tower crane collapses in London

Site photos show aftermath of failure
3 days ago

Go-ahead for Preston 500-home plan at shopping precinct

St Johns shopping centre to be demolished in city centre regeneration plan
3 days ago

Keltbray lays foundation for HS2 Curzon Street station

Vast 2,011-pile operation finished as Birmingham build powers on
3 days ago

John F Hunt wins Euston Tower demolition

Specialist will take-down 36-storey tower in technically challenging contract
4 days ago

GMI confirmed for green Manchester office scheme

35 Fountain Street will feature cross‑laminated timber
4 days ago

Trio bag £1bn concrete road replacement deal

Kier, Graham and Sisk win 6-year legacy concrete road framework
4 days ago

Former Balfour chief to become Barratt Redrow CEO

Dean Banks to take helm at house builder later this year
4 days ago

Galliford Try lifts full-year outlook after 20% profit surge

Margins strengthen across Building and Infrastructure as order book hits £4.1bn
4 days ago

Consultation to start on merging CITB and ECITB

Government to launch 12 week consultation this month
4 days ago

Vistry boss Greg Fitzgerald announces retirement

Industry giant to step down after 45 years in house building and construction
4 days ago

Bouygues E&S contracting arm reborn as Equans Sci-Tech

Rebrand to target work for pharma, aerospace and tech clients
4 days ago

£231m London Barbican Arts Centre overhaul approved

Major on-site works are due to begin in 2027
5 days ago

Galliford Try lands £16m Hartlepool school rebuild

St Helens Primary project targets net zero in operation
5 days ago

“Energy and optimism” at Kier after strong set of results

Contractor hits target of an average net cash position for the first time in 13 years.
5 days ago

BBA standards body has own accreditation suspended

British Board of Agrement has status suspended by UKAS National Accreditation Body
5 days ago

Scottish Water unveils £13.4bn six-year spend plan

Publicly-owned utility earmarks £8bn for core infrastructure works from 2027
5 days ago

Winners confirmed on £37bn hospital framework

Ten contractors to deliver next wave of new hospitals
6 days ago

Mears offloads education and health FM arm for £18m

Morrison Facilities Services sold to focus on housing work
5 days ago

Wates veteran to drive Caddick subcontracting growth

Mark Kearney appointed commercial director to sharpen work-winning
5 days ago

Galliford Try wins £60m RAF Lakenheath munitions hub

First US Air Force project secured
5 days ago

Bovis seals £200m London Stock Exchange revamp

Builder returns to Paternoster Square for flagship City transformation
6 days ago

Byrne Group drops O’Keefe Demolition name

Rebrand to Byrne Demolition and Byrne Groundworks
6 days ago