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Public Procurement - Quantifying value in the North East
This report has been commissioned by One NorthEast to support the development of the North East Procurement Agreement. The aim of the report is to produce an improved evidence base to demonstrate the importance of the public sector and in particular procurement to the regional economy of the North East.
This work combines the best of LM3 with the Durham Business School Input/output model by synthesising these approaches and including further specific procurement spending research. For the first time a complete picture of the impact of public sector procurement on a regional economy can be seen.
Out of this work has come the concept of a Market Intelligence system which will allow regional business to compete more effectively for public sector procurement opportunities.
The model was further developed to allow projections up to 2016 with outputs calculated to show GVA, and FTE annually and cumulatively. Users can design and download their own scenarios. A full interactive version of the results is available.
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