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“We spend 27p of every pound in Powys”

 
Created on 17/08/2018 @ 18:15
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Local businesses are being encouraged to step up to the plate after Powys County Council admitted that almost three quarters of the money it spends leaves the county.

But the local authority says it is committed to spending more locally, and says that while £37 million is currently ploughed into local firms, many could be missing out on their share of the pot.

Cabinet Member for Regeneration, Councillor Martin Weale, said: “The county council is committed to strengthening the Powys economy by increasing the percentage of its annual spend within Powys.

“We already spend 27p in every pound in Powys, which is worth £37m every year, but every additional per cent is worth another £1.4m, which is great news particularly for our small and medium sized enterprises.

“We know that every £1 we spend with local companies generates additional investment and local job opportunities, and helps boost the local economy without increasing the burden on council tax payers – it is about better use of our financial resources.

“Powys County Council aims to increase its local spend over the next three years and is keen to meet local companies.”

An event has been organised for Newtown Football Club on September 13 (from 10am-4pm) to allow local businesses the chance to learn about the major projects the council is planning and to meet different contractors who are already involved with the work.

Construction Futures Wales along with Business Wales, CITB, Constructionline, Chas and many more will also be at the events to discuss potential support for local companies within the construction industry.

To register, visit https://cfw.be-group.co.uk/powysmeetthebuyer and registration closes at midday on September 3, and any registrations after this time will not be allocated appointments.

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