Social value report 2025_14'SEP'26 - Flipbook - Page 28
Supply chain
Supporting local
economies
SME spend
Other spend
*Based on 2025 definition of SME
Our goal is to develop healthy and diverse
supply chain partnerships and grow our
spending with small and medium enterprises
67%
99%
55%
95%
100%
91%
(SMEs). We report on our SME spend annually
and provide transparency of what we spend
across all six Group companies. By opening
up opportunities and making the supply chain
accessible to SMEs we in turn help them
to build capability, capacity and support
local economies.
HIGHLIGHTS
•
Pay 90% of suppliers within 60 days of
receipt of invoice
•
Promote local opportunities with SMEs
and our local network of suppliers close to
our UK operating centres
•
Continue to promote robust anti-bribery
and corruption and prevention of modern
slavery procedures
28 | www.wernick.co.uk
Across all our businesses, managers are empowered
where SMEs can play a greater role. We aim to
to develop local supply chain partnerships for many
promote and encourage local spend with both VCSE’s
categories of spend. Through supplier engagement
and SMEs within 25 miles of our operating centres.
events and advertising opportunities within local
We can achieve this by implementing targeted
communities, it broadens our pool of suppliers
outreach campaigns to raise awareness of
making it easier for SMEs to get involved.
opportunities locally and encouraging and enabling
We are taking many steps to increase our spending
SMEs to join our approved supplier list, actively
with local SMEs by reviewing and targeting key
allowing them to grow and encourage spend within
products and services within supplier categories
our local communities.
