Friday 05 March 2010
APSE launched its latest research publication ‘Getting more Bang for the Public Buck, a guide to using procurement to achieve community benefits,’ at the Conservative Councillors Association conference in London today.
The guide looks at how you can maximise the benefit to local economies through the expenditure you make as an authority. Earlier research APSE published on measuring the economic footprint made by a local authority’s spend showed that for every £1 they spent on local services £1.64 circulates in the local economy. This research measured things like employee expenditure, money spent with local sub-contractors and local suppliers.
What ‘Getting more bang for the public buck’ shows is that if a concentrated effort is made to ensure the maximum amount possible of this expenditure is made with local companies then this figure can rise to £2 and beyond.