Procurement in Scotland
Serco has recently committed to a significant expansion of our procurement in Scotland.
Over the next three years, we intend to double our procurement spending from Scottish companies and to substantially increase the number of Scottish Small and Medium size Enterprises (SMEs) with which we do business. The commitment that we are making in Scotland will mean that over the next three years we aim to:-
- Double our total procurement spend to the stage where Serco buys in excess of 60% of all its Scottish requirements from Scottish suppliers.
- Double the number of Scottish SMEs with whom we work from today’s figure of 25% to nearer 50%, meaning that one in every two of our SME’s will be a Scottish SME supplier.
Serco already has a major presence in Scotland. Today we: -
- Procure around £40m worth of supplies and services from more than 270 Scottish companies.
- Spend over £11m with Scottish Small and Medium size Enterprises (SMEs), which accounts for 30% of the total spend with Scottish businesses.
- Work with over 270 Scottish suppliers, of which three in every four (75%) are SMEs.
Commenting on the pledge, Angus Cockburn, chair of the Serco Scotland steering group committee and Serco’s Group Chief Financial Officer said: “Today Serco already has a sizeable presence in Scotland, in terms of the size of our operations, the 2,800 people we employ and the range of vital services that we provide. The pledge that we are making will present further opportunities for Scottish businesses. It is in our interest as much as anyone else’s to look after the communities in which we operate which is why we have gone to great lengths to add to the local economy, by employing local people and procuring from local companies to help us prosper.”
Jonathan Patrick, Serco’s Chief Procurement Officer, added: “Our approach sees us buy as much as we possibly can from local suppliers. I believe it is part of our duty of care in Scotland to support key industries such as tourism and commerce and that is why we are setting ourselves these targets over the next three years.”