Westminster City Council and 4C launch joint venture to help public sector organisations address financial squeeze
- Westminster City Council delivered year-on-year savings of more than £120m
- New consultancy will help public sector organisations to be more efficient and effective
Westminster City Council is partnering with International management and procurement consultancy, 4C Associates, to launch Symbiance, the first company of its kind dedicated to helping local and central Government, and public sector organisations make significant financial benefits.
Over the last three years, Westminster City Council’s procurement team has contributed year-on-year savings across the Council, of more than £120m. As a result, the council already has the lowest band D Council Tax of any local authority and is 45% lower than the inner London average. The Westminster team now wants other authorities that face the daily pressures of reduced funding, to benefit from their success.
By combining Westminster’s know-how in public sector spend with 4C Associate’s consultancy expertise in procurement and managed services, including 4C’s work within the private and public sectors, Symbiance will deliver a range of cost saving services such as: ‘Cost Reduction;’ which includes reviewing spend across the entire organisation; ‘Target Operating Model’ which assesses the efficiency of how the organisation is structured and functioning; ‘Process & Technology,’ to identify any inefficient systems and processes; and ‘Managed Services.’ The consultancy’s team of specialists will drive value by assessing cost efficiency throughout the entire organisation from the supplier contracts, to the operating model, right down to the spend item of goods and services used.
Mark Ellis, Partner at 4C Associates, said, “UK public sector services are constantly feeling the financial squeeze caused by a rise in demand for services and cuts in funding. Symbiance will help to overcome these economic challenges.4C’s consulting capabilities, Westminster’s deep understanding of local government and both organisations’ demonstrated ability to deliver value, brings a unique combination of expertise and experience that is already proving to be of great interest to public sector organisations, from local and central Government to wider public services such as housing associations, health authorities and educational establishments.”
Anthony Oliver, Chief Procurement Officer, Westminster City Council, adds “Westminster City Council’s Procurement Services team are looking to leverage its significant success in the Council to drive value, reduce cost and work with its customers to innovate services through its joint venture with 4C Associates, supporting other public sector organisations facing similar challenges.”
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