Retailers including Argos and Iceland have teamed up to fund a new initiative that aims to tackle serious and organised crime.

The scheme aims to encourage the sharing of intelligence from across constabularies to paint a clearer picture of crime.

The Business Crime Intelligence Bureau (BCIB) is a not-for-profit private sector initiative formed as a ā€œresponse to the growing numbers of unsolved crimes due to budget and resource challenges for police forcesā€.

The initiative, funded by retailers including the Co-operative Group, is supported by organisations including the Home Office and the Serious Organised Crime Agency as well as Regional Intelligence Units across the UK.

Traditionally there has been a lack of business crime intelligence being shared between neighbouring constabularies, resulting in a lack of a broad national footprint of organised criminal activity.

However, this initiative aims to share data on crimes, to provide police with ā€œā€˜gift-wrapped’ cases to prosecuteā€ and to give businesses the tools to map organised crime and ā€œeven predict where gangs may strike in the futureā€, according to the BCIB.

Argos head of profit protection John Prior said the BCIB would allow retailers to ā€œanalyse and link the intelligence and allow businesses and police to collaborate and catch these serious and organised criminals as currently, as a collective, none of us have visibility of the extent of the crimeā€.