The Procurement Act 2023 (which came into effect last week) is a big deal for small businesses looking to tap into the public sector’s £400 billion annual spend. Here’s how it can help you grow:
- Less Red Tape, More Access
The Act streamlines complicated procurement rules, making it easier for small businesses to bid for government contracts. No more waiting through long, confusing processes. Now, small firms can get their foot in the door faster and with less hassle. - Local Growth Boost
The government has introduced measures that allow local councils to reserve contracts for small businesses in their area. This means your business could be in a prime position to secure contracts, driving growth and creating jobs in your community. - New Job Opportunities
Winning a government contract comes with a new responsibility: advertising job openings at job centres. This ensures that when small businesses win contracts, they’re also helping bring jobs closer to home and contribute to getting more people back to work. - Clearer, Simpler Social Value
The government is cleaning up the “Social Value” rules, which require businesses to contribute to positive changes in their communities. Now, there’s a more straightforward and consistent approach across departments, making it easier for small businesses to understand their obligations and deliver real impact. - Supporting Innovation and Growth
With faster procurement processes, public bodies can now negotiate with suppliers more easily. This opens up opportunities for small businesses to showcase new ideas, prototypes, and solutions that can drive innovation in the public sector. - More Opportunities for Everyone
The National Procurement Policy Statement (NPPS) aligns all public procurement efforts to deliver growth, with a focus on investing in home-grown talent and fostering innovation. These changes are designed to give small businesses more opportunities to win valuable contracts, driving economic growth and local job creation.
In short, the Procurement Act 2023 breaks down barriers for small businesses, opening up more chances to compete for government contracts. If you're a small business looking to scale, these changes give you the tools to thrive in the public sector.
Targeting Public Sector Buyers on Honch:
From NHS Trusts to Local Government Bodies, and from Ambulance Services to Fire Brigades, Honch tracks key buyers across multiple government departments. We allow clients to build personal relationships with key decision-makers ahead of tenders being released.
Check out the latest HR, Finance, Tech, Marketing and Comms hires across the UK government on our platform.
