In 2020-21, collaborative procurement through over 100 framework agreements amounted to £208m during the year, delivering £17.9m in savings to our members. Our return on investment (the ratio of savings delivered to the membership subscriptions) is now at 48:1.
Our annual review highlights key procurement activity covering the core category areas and responsible procurement; an overview of our 2020-21 financial position; and our achievements as our corporate strategy for 2018-21, Adding Value through Responsible Procurement, drew to a close.
We thank the many members who have supported our projects by serving on our commodity groups, tender working parties, the Board, or the Executive Committee; in particular their help with our member training activities, and for promoting the Consortium across their institutions. We are owned by our members and the support we get from our membership is invaluable in what we are able to deliver for them.