Published: 26th Apr 2021

Birmingham City Council spent £194m in the local economy last year, according to new figures released by the local authority. A report that went before cabinet last week (20 April) on the council’s social value policy shows that £194,619,328 was spent by the local economy in 2020/21. An analysis by the Centre for Local Economic Strategies (CLES) 56% of the council’s procurement spend (£661,074,655) is with businesses located in Birmingham, while 79% (£926,869,841) is with businesses in the West Midlands. The figures also reveal that Birmingham City Council provided 68,141 weeks of local employment in 2020/21 and 430 weeks of local work placements. In addition, it spent £3,172,513 with social enterprises last year. According to the report, Covid ‘has not had a negative impact on [the] delivery of social value’. The council first adopted a social value policy in 2013 and it is also represented on the West Midlands Social … (To read the full article, subscribe below)