We’ve just audited the number of our suppliers that meet the criteria for genuine small- to medium-sized enterprises (SMEs).
Our SMEs contribute a great deal not only to our Members, by providing high quality goods and services, but also to the economy. Many of our Members find that levels of service and bespoke capability can often be bettered by those suppliers at the smaller end of the scale.
We’ve found that, of the 98 suppliers on framework agreements led by LUPC, 31 of them turn over less than 50m euros (or £42.2m) and employ fewer than 250 people.
We think that, for a collaborative buying consortium where our Members are used to enjoying the benefits and scale economies of our collective buying power, having just under one in three of our supplier community represented by SMEs is a statistic we can be proud of.
Of course, we value our relationships with larger businesses, too! Remember, every single one of them has been through a rigorous, EU-compliant process.