A better deal for smaller businesses
9 Mar 2012 02:30 PM
The Government has announced further measures to support SMEs to win Government business, Minister for the Cabinet Office, Francis Maude, announced recently. Read Francis Maude's full speech here.
Marking the one year anniversary of the Government’s new approach to doing business with smaller companies, the Cabinet Office has published a new report on progress showing the amount of business going to SMEs across central government is on track to double from 6.7% to 13.7% by the end of the financial year.
The public sector currently spends £230 billion on goods and services a year – roughly 15% of the UK economy and £1 for every £7 spent in Britain. The recent package of new measures will drive faster and deeper progress in opening up this business to smaller companies, which are vital to the growth of the economy and can save money for taxpayers.
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