Published: 23rd Jul 2012

The Centre for Local Economic Strategies (CLES) was delighted when the Federation of Small Businesses asked us to develop a survey as part of its innovative research study of small business and procurement. Effective and locally responsible procurement spend should lead to a range of benefits for small business and local economies. It can: • Create new jobs and sustain existing ones • Contribute to tackling issues such as worklessness and deprivation • Support the creation of new businesses • Boost spending in local shops and on local services • Support the development of local labour through apprenticeships For procurement to be more effectively linked to economic development, local authorities should be looking to understand levels of spend with local organisations and small and medium enterprises (SMEs) and embed economic development considerations into the procurement cycle. Evidence is the starting point for a more progressive approach to public procurement. It … (To read the full article, subscribe below)