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Procurement Forum - The Art of the Possible

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The Grand Hotel

Ivey Place

Swansea

SA1 1NX

United Kingdom

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Community wealth building has emerged as a powerful approach to local economic development, reorganising local economies so that wealth is not extracted but broadly held and recirculated within the region. These ideas are being applied by a growing number of businesses, public and social sector organisations across the UK who are now driving a shift in economic development thinking.

How might we change the way major organisations buy goods and services so that all the benefits of that procurement, and the £6bn of public spend, are retained in the region? And how might we make procurement a force for good, ensuring that the “invisible value” and “added value” that comes from regional procurement is recognised and scored as part of the tender process?

We're hosting what we hope will be a game changing event for the economy of South West Wales, bringing the right people together to create a shared sense of purpose around keeping more regional spending... IN THE REGION! Not just WHY this is important from a community wealth building perspective, but also HOW it can be achieved - within the existing statutory framework and procurement laws.

In partnership with EFT

Don't miss this inspiring and informative event. Our speakers include:

Neil McInroy CLES

Neil McInroy is Chief Executive of the Centre for Local Economic Strategies (CLES), and is a leading commentator on economic development and public policy. CLES has worked with Preston City Council for more than 8 years, to develop and implement a different model of economic development - the so-called Preston Model. CLES seeks to counteract inequalities and disadvantage by changing local economic development thinking and practice, working to develop local ownership, and local supply chains.

CLES has recently launched the national community wealth building Centre of Excellence to develop and accelerate the adoption of community wealth building practice in the UK. A key tennet of Community Wealth Building is progressive procurement by anchor institutions.

"Progressive procurement can develop dense local supply chains, SMEs, employee owned businesses, social enterprises and cooperatives and other forms of community business. These types of businesses are more likely to support local employment and have a greater propensity to retain wealth and surplus locally."

Preston Retained Spend

In Preston in 2012/13, only 5% of the combined £750m public procurement spend was spent within the Preston boundary. By 2017, that retained spend had increased to over 18%, and the retained spend within the Lancashire region had risen by £200million. What can we learn from the Preston example, and how can we transform the way we work in South West Wales to achieve similar outcomes for our region?


Professor Rudi KleinProfessor Rudi Klein is the CEO of the Specialist Engineering Contractors’ (SEC) Group. Rudi is a barrister in construction law and is a leading expert in the public sector's approach to construction/ infrastructure procurement. Following the collapse of Carillion, Rudi was appointed to the Carillion Task Force chaired by the Secretary of State for Business in January 2018. He has three key recommendations for government:

One: abandon the policy of letting high value contracts to outsourcers and, instead, break down contracts into smaller lots to facilitate greater SME participation in the procurement process.

Two: insist on the use of new model procurement options that foster greater team-working amongst all those involved in the delivery of construction /infrastructure works.

Three: Insist on greater payment security for construction supply chains including the use of project bank accounts (ring-fenced bank accounts through which subcontractors are paid) and/ or direct payment from public sector clients to subcontractors.

New Date

This event date has changed. It was previously scheduled for 17th October. Apologies for any confusion or inconvenience!

REGISTER YOUR PLACE & SPREAD THE WORD

If you're a procurement professional, a major buyer, or a business in the regional supply chain, register to attend this half day conference exploring "the Art of the Possible" - and please help us spread the word!

If you need more information, please contact zoe@4theRegion.com

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Date and Time

Location

The Grand Hotel

Ivey Place

Swansea

SA1 1NX

United Kingdom

View Map

Refund Policy

Contact the organiser to request a refund.

Eventbrite's fee is nonrefundable.

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