2buy2 has won a contract worth a potential £9m, allowing the firm to create 18 new jobs and almost double the size of its premises.
The professional procurement company, which works with organisations to secure better value for money, has secured a four-year contract with the Department for Education (DfE).
The business will support and assist the procurement function in thousands of schools in the North West of England, as part of a UK-wide project designed to help schools save £1 billion by 2020.
2buy2 has secured the contract for one of two pilot schemes in the form of Schools Buying Hubs initiated by the DfE.
The purpose of the hubs is to offer advice, guidance, and support for schools in the procurement and negotiation of complex contracts and the coordination of their procurement activities to generate greater buying power.
Working in partnership with the DfE, the Hub will encourage schools to engage and ultimately realise a number of benefits, including advice and guidance on complex procurement; aggregated procurement; and receive consultation services on other areas of buying.
Rob Kissick, founder and CEO of 2buy2, said: “This is a fantastic contract for us that will facilitate our expansion and allow us to create a number of high-quality jobs in the region.
“We are delighted to be participating in a scheme that could make such a big difference to the education system in the UK, freeing up money to plough into other educational resources.
“It is our aim in everything we do to secure our clients better value for money and make the purchasing process easier and more efficient for them.”
The initial phase of the contract will engage 900 schools in the first 15 months and is targeted to deliver up to £3.2 million in savings.
If successful, the contract could eventually include over 3,000 schools in the North West region and ultimately benefit approximately 1.1 million pupils.
The contract will mean growth for 2buy2 and the creation of a number of jobs. The company will employ up to 18 new staff to help deliver the scheme, 14 of which will be based in its headquarters in the Sony Technology Centre in Bridgend, where it will also increase its office space by 40%.
Rob continued: “This scheme should encourage more joined-up thinking in schools. Their budgets are tight but this initiative, which will change the ethos of the way they engage with suppliers, should free up funds for use elsewhere.
“We also structured the bid in a way that ensures we deliver maximum value for the schools involved and the profits we make are transparent and sustainable. Especially during the pilot phase, it was important to us to deliver this service in a way which meant the concept could be proven to work and the savings generated passed directly to schools.”
While 2buy2 is a private sector company, it has a philosophy of making sustainable, not excessive profits.
It also gives 10% of its net profits to charities chosen by its staff every year.