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YPO rewards public sector with £2m profit share

News
22 Oct 2015

Almost 25,000 public sector organisations across the country will benefit from a share of £2 million, thanks to a unique customer loyalty scheme operated by YPO, the UK’s largest publicly owned buying organisation.

Each year YPO gives back a portion of all profits to its public sector customer base as part of its Share of Profits Loyalty Scheme, providing a welcome boost to organisations facing budget reductions.

The share of the annual profit a customer receives is based on how much they spend with YPO on stock, direct and food purchases in a calendar year. Customers, including local authorities, schools, the NHS and the Emergency Services, are then rewarded with a loyalty voucher.

Simon Hill, Managing Director of YPO, said: “Our customers are very important to us so I am delighted that, once again, we are giving back and rewarding those who spend with YPO. YPO is a public sector owned company and all our profits go back into the public purse. At a time when the public sector is experiencing increased financial pressures, I am pleased that, through the loyalty scheme, we continue to deliver added value to our customers.”

Since its introduction in 2011 the YPO loyalty scheme has given back over £5.4 million to its customers. The scheme gives organisations the unique opportunity to get money back from their YPO purchases.

Notes to editors:

YPO is the largest public sector buying organisations in the UK, established and owned by 13 local government member authorities. The organisation has an expanding list of associate member authorities across the wider public sector.

Established in 1974 to aggregate the procurement spend of its owning local authorities, YPO has helped drive public sector efficiency savings through its bulk buying power for supplies and centralised contract services initiatives.

YPO is a member of the Pro5 Group of professional buying organisations in the UK, with a combined purchasing power in excess of £2 billion per annum.