London diverse spend tops £448m

14 February 2008
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14 February 2008 | Paul Snell

The Greater London Authority spent more than £448 million with small suppliers last year.

According to the Mayor of London's Responsible Procurement Report, published this month, this is about 14 per cent of the £3.1 billion spend pooled in 2006/07 by the GLA and its partners, London Development Agency (LDA), Transport for London (TfL), London Fire & Emergency Planning Authority, and the Metropolitan Police Service and Metropolitan Police Authority.

The LDA has the highest proportion of spend with diverse suppliers (just over 25 per cent) and TfL the least (just over 9 per cent).

This is the first time figures for spending with minority companies have been collected.

The group has implemented the "London living wage", a salary to meet the high cost of living in the capital, in £5.5 million of contracts, which has given 400 staff a wage rise.

London's responsible procurement policy focuses on seven areas, including encouraging a diverse supply base, community benefits, ethical sourcing, environmental sustainability and meeting strategic labour needs.

The group now intends to raise the profile of "responsible procurement" with buyers, other functions and suppliers.

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