Local Economy Impact

We promote inclusive economic growth putting our collective procurement power to social good. LAIN members collectively spend billions of pounds each year, but we’re committed to putting more of our money into the hands of London-based businesses. Creating more innovative, diverse and resilient supply chains by buying a greater share of our goods and services from those operating in the city. We’re changing our procurement policies to make it easier use Additionally, we foster place-based collaborations among anchor institutions to leverage their assets by bringing empty spaces into use and encouraging entrepreneurship.

Goals

  • Support sustainable and inclusive economic growth.

  • Ensure 30% of procurement goes to small and diverse-owned businesses in London.

  • Make it easier for London’s business community to win work with LAIN members.


Impact

  • This is the combined number of contracts awarded to micro, small, medium enterprises by LAIN members.

  • The combined worth of contracts awarded to micro, small, medium enterprises (MSMEs) by LAIN members.

Contract Value Awarded to Small and Diverse-Owned Businesses (in £ billions) from 2022-2024.

The graph below indicates a year on year increase in the amount LAIN members have spent with local contractors.