Have you considered working with the public sector? There has never been a better time for smaller businesses to seek public sector tender opportunities.
Read our reasons why your business should get involved in public procurement below.
The government is investing SMEs
The public sector is backing UK SMEs and has just invested £2 million into SME growth.
SMEs can now bid for grants through the government’s Business Basics Fund. The initiative aims to encourage small and medium-sized enterprises to “adopt proven technologies, become more productive and successful”.
Small Business Minister Kelly Tolhurst said:
“Small businesses are the backbone of our economy. As part of our modern Industrial Strategy, we are supporting them with new investments to boost their productivity and ensure they can continue to thrive in the future.”
£1 in every £3 will be spent with small businesses by 2020
The government is working towards a target that £1 in every £3 government spends will be with small businesses by 2020. This target applies to each government department and the Crown Commercial Service and includes both direct procurement spend and spend through the supply chain.
Progress is already being made in some industry sectors as £1.39 in every £3 spent through the government’s Digital Marketplace is going to small and medium-sized enterprises. This has given the UK’s technology SME sector a major boost.
The government promotes prompt payment
The government has made other changes to help SMEs bid for public sector contracts, one of which is the requirement for the entire public sector supply chain to be paid within 30 days of submitting an invoice.
This is extremely helpful to SMEs as being paid promptly for work done ensures businesses have a healthy cash flow.
Find public sector tenders
There are many reasons to love working with the public sector. If you would like to find tender opportunities in this marketplace relevant to your business – get started with Supply2Gov.
New users can register for free and can gain access to tenders in the local area of their choice now.