Published: 28th Aug 2019

Luton Council has adopted a new strategy which will see the local authority almost triple the amount it spends with local businesses within the next five years. The council’s executive voted recently to adopt a new procurement strategy, which will see expenditure with local business rise from 25% in 2017/18, to 70% by 2023/24. According to the council report, the new strategy marks a ‘different approach’ to how it can use its procurement as a ‘key component of local wealth building’. The report also commits the council to develop a social value framework within the next two months to underpin the values and aims of this strategy and provide a comprehensive local authority-wide framework for securing social value. It also raises the lower threshold for expenditure from £1,000 to £5,000, so council services can procure required goods and services without reference to the corporate procurement team. According to the report, … (To read the full article, subscribe below)