Inprova is a tech-enabled procurement services company operating predominantly in the UK social housing sector, with more than thirty years’ experience of transforming public sector procurement.
Procurement outsourcing is an increasingly important part of global strategy within many organisations. Services have grown beyond the more transactional purchase to pay elements of the value chain, to one where more strategic processes are being outsourced such as sourcing, risk management, spend analytics, procurement technology and supply chain innovation. In addition to this, world class category expertise, supplier performance and relationship management and contract management are also becoming distinguishing characteristics of leading procurement businesses. Inprova helps organisations to transform their procurement functions into one which is proactive, knowledgeable and aligned to the overall business strategy.
Inprova leverages a combination of extensive industry and category expertise, market intelligence and analytics, end-to-end processes and technology platforms that maximise business outcomes leading to improvements in procurement performance, without clients having to invest in fixed cost resources or infrastructure.
Inprova’s model is built on its ability to leverage suppliers and unlock major savings through economies of scale. The quantum of its spend under management means that many suppliers view Inprova as a strategic partner and route to market, building an enduring relationship, which drives value for their clients.
The public sector procurement market continues to rise with the overall market estimated to be worth £200bn of which social housing accounts for £23bn. Inprova is well positioned to take advantage of this sizeable, growing market utilising deep client relationships and its scale and expertise to deliver more value for its customers through collaboration. Inprova runs some of the UK’s largest buying groups such as Procurement for Housing, Buy4London and Independent Healthcare Procurement, in total managing in excess of £400 million of annual spend. Investment and support from NVM will be used to continue to invest in its market-leading technology platform and solutions whilst growing organically and, potentially, by acquisition.
Inprova Group in numbers
- £200b Public sector procurement market
- £23m Social housing procurement market
- £400m Spend for social housing managed by Inprova
This is an exciting development for the Group. We have ambitious plans to build on the strength of our existing technology platform alongside our category expertise and experienced procurement resource, creating sustainable value and supporting our customers to deliver on their business goals. Working with NVM will provide us the opportunity to deliver on our vision and accelerate growth in both new and existing categories and markets.Steve Malone , Group Chief Executive , Inprova
We are delighted to be backing Steve and his team at such a pivotal point of their growth plans for the business. Inprova’s tech-led platform is the heartbeat of the business, driving efficiency, transparency and compliance for customers. With new investment, a highly experienced management team and its existing technology at its core, Inprova is well positioned for considerable future growth.Andy Leach , Investment Partner , NVM