By MA Reporter Buying power enjoyed by Greene King and its managed houses has been transferred to lessees and tenants in a new Share & Save Scheme launched by the leased and tenanted division Pub Partners. The initiative will enable licensees to take full advantage of the central-buying contracts in place already for Greene King's managed division. It will also ensure that Greene King licensees will receive the highest level of support and standards from its approved suppliers. A "buying guide" system is nothing new for Greene King or the pub industry however, the new scheme by Pub Partners aims to take the benefits a stage further. Independent case studies of Pub Partners' licensees has found cost advantages of several thousands of pounds a year. Shaun De Silva, licensee of the Brewers Arms in Ipswich, Suffolk, has one of the outlets which were screened to assess the effectiveness of the system. Adopting the scheme will save him about £4,000 a year in running costs. Pub Partners managing director David Elliott said: "This is a fantastic opportunity for our licensees to reduce their costs and make more profit for themselves. "The negotiation of the Share & Save Scheme has taken over nine months and involved a number of people from all areas of Greene King." Six trade shows will be held in May and June for licensees to meet approved suppliers from the scheme. All licensees who register with the scheme will receive a PIN number that allows them to order from the suppliers.