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Value for Money Board

As part of our enterprising council approach we have set up a Value for Money Board

The board will ensure that decisions on contracts and contract management are transparent, can face external scrutiny and comply with our financial regulations.

Meeting quarterly, the board includes representatives from East Midlands Chamber and the Federation of Small Business, and our cabinet member for council services, Councillor Angelique Foster. The board is chaired by Peter Handford, our director of finance and ICT. The first meeting took place in March 2019.

The board will ensure that good corporate governance is developed and applied to all contracts, especially those linked to delivering council priorities. It will establish clear ownership, roles and responsibilities for all contracts and take the lead in stressing the importance of contract management in achieving our objectives.

In 2016/17 more than 250 contracts were awarded amounting to more than £200m. The board will review a number of these contracts at each meeting and make recommendations back to the council.