Published: 11th Feb 2015

The Evergreen project in Cleveland, Ohio, was the inspiration for Preston’s work with anchor institutions Local institutions ‘shocked’ into change The work with anchor institutions around procurement has two broad objectives. Firstly, it analyses the extent to which anchor institutions already spend with suppliers based in the Preston and Lancashire economies and whether there is potential to repatriate some of that spend. Secondly, it identifies whether there are any particular services used by anchor institutions which would lend themselves to future delivery by local worker-led co-operatives. The baseline supply chain analysis revealed some interesting results. Analysing the procurement spend of six anchor institutions with their top 300 suppliers – some £750m of spend – the research found that just 5% of their collective spend was with Preston organisations; a total 39% was spent with organisations based in Lancashire. This meant that £488m was effectively being leaked … (To read the full article, subscribe below)