Businesses across the Dudley borough were today urged to bid for millions of pounds worth of work as part of a drive to “keep the Dudley pound in Dudley”.
More than £500 million worth of investments are set to come to fruition in Dudley over the next few years including the Metro, very light rail centre and a leisure, retail and visitor attraction development on the Cavendish House site.
The leader of the council said the developments were a “golden opportunity” to secure work by tendering for projects.
The council recently set up a Community Wealth Building Commission with other key institutions in the borough to keep contracts and businesses local.
Council bosses say the move will ensure millions of pounds worth of investment stay in the borough.
Councillor Qadar Zada, leader of the council, said:
There is more than £500 million worth of developments in the pipeline in the borough and local businesses should be keeping a close watch on this.
We are very keen to grow our local economy and create jobs and one of the best ways we can do that is keep the Dudley pound in Dudley. I want to see local businesses tendering for these projects with the right organisations to make sure that they benefit from this work.
At the same time we will be working with partners to do everything we can within the rules of the tendering process to encourage local companies to come forward.”
Initial meetings about the Community Wealth Building Commission have been held at the council and a report is expected to go before the council’s cabinet in the coming months.