Surrey County Council has signed off plans to keep nearly £31 million of spending local.
A pool of around 130 Surrey firms will be created to do small-scale building repair and improvement work worth £7.7m annually over the next four years*.
The businesses will also get the chance to win a share of a further £15m a year as sub-contractors on larger projects other companies are working on.
The plan was agreed by the Cabinet as part of the county council’s pledge to promote economic growth by ensuring 60% of its spending on goods and services is with local businesses.
It follows the authority’s efforts to help companies make the most of opportunities provided by the 2012 Olympic and Paralympic Games.
So far more than £740 million worth of 2012 Games related contracts have been won by Surrey businesses, which has boosted the local economy by around 3%.
In addition, the authority aims to ensure 100% superfast broadband access in Surrey to help firms do business online.
Surrey County Council’s Cabinet Member for Change and Efficiency Denise Le Gal said: “Local businesses are the lifeblood of every community and if they thrive we all thrive. There can be no better way for the council to contribute directly to Surrey’s economy than by putting £31m into local building firms’ bank accounts over the next four years for work we need doing.”
Surrey leader David Hodge said: “In the current climate, we must do everything we can to support the local economy and my aim is to ensure 60% of the county council’s spending is with Surrey businesses.”
More details can be found by following this link.
* Contracts worth between £7,500 and £75,000.