Corporate, Finance

Surrey saves £140 a minute by striking better deals

Surrey County Council has saved local taxpayers nearly £140 a minute by driving harder bargains.

Doing better deals with the likes of IT and bus firms saw the council save £2m in the first six weeks of this financial year.

Surrey County Council leader David Hodge. Click image to download

The sum equates to £8,300 an hour or £139 a minute during that period*.

In the past two financial years, Surrey’s procurement team has saved a total of nearly £56m through renegotiating contracts, with £34m of that figure secured in 2011/12.

Surrey hopes that driving harder bargains will save up to £25m this year.

Leader David Hodge said: “We’re determined to continue getting the very best deals for local taxpayers and saving a total of £2m in six weeks at a rate of nearly £140 a minute is proof of that.

“By finding ways of doing things more efficiently we can ensure taxpayers’ money goes further while continuing to provide excellent services to Surrey’s residents.

“I am committed to leaving no stone unturned to ensure value for money. It means continuing to strive to do more for less as well as working as one team with other public services to save money wherever possible.”

The authority expects it will have to reduce its annual budget by more than £200m in the five years to 2017 due to the tough financial climate.

Note for editors

* Based on a 40-hour working week.

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