In the fiscal year ending in 2018, total UK public spending, including central government and local authorities, was £814.0 billion. This is expected to rise this year to £828.6 billion.
With more opportunities with the public sector out there than ever before, it’s time to think about the contracts that you have been missing.
We have listed the top hotspots for UK public sector business below, so you can spot the opportunities that could be sitting on your doorstep.
Top Public Sector Procurement Hot Spots
London – 6,352 contracts
North West England – 5,057 contracts
Republic of Ireland – 4,479 contracts
South East England – 4, 401 contracts
South West England – 4,301 contracts
Yorkshire & Humber – 4,202 contracts
Scotland – 4,137 contracts
London continues to sit at the top of the hotpots – and how could it not? London had the highest public spend figure per head across all English regions in 2017 at £10,192 (11% higher than the UK average). The new HS2 rail link from London to the West Midlands and the North is estimated to cost £55.7bn – a key opportunity for infrastructure suppliers.
Research from July 2018 has found Scotland’s infrastructure output per person to be the largest in the UK. Scotland saw 54% more infrastructure output per person than London did in 2017. Other key areas of investment in Scotland include energy, water and housing – make sure you are looking for opportunities in these areas.
North West England
UK central government intends to spend £134bn over the period 2016-21; 32% of that sum will be spent in the North of England. The Northern Powerhouse initiative investment will use this spend to support projects around road, rail, freight, aerospace and skills development.
South East England
The new HS4Air rail line will connect Kent with major airports in under an hour. The project is valued at £10bn and has been described as the “M25 for high-speed trains”. This year it was also announced that a further £2m will be given to local regions in the South East to create transport strategies to improve connectivity and drive economic growth.
South West England
A Ministry of Defence report released in July 2018 states that the defence sector brings an annual investment of £5.1bn to the South West of England. Most of the MOD’s expenditure in the region centres on technical, financial and other business services.
Find public sector procurement opportunities
Supply2Gov subscribers can access tender alerts for the areas above and more! Once you have signed up for your FREE local area, simply tailor your profile to the services or products that your SME business offers.