The public sector can be challenging to do business with, simply due to the size and complexity of the market.
We breakdown the marketplace below and highlight five key areas your business can with big with in 2021.
Education covers everything from nurseries to universities, meaning that the sector has wide-ranging requirements, which offer opportunities to businesses of all sizes in almost all industry sectors.
Education was also one of the areas of the public sector most affected by the lockdown, when all education establishments closed, and education had to be delivered in a new, virtual way.
With the UK’s lockdown situation everchanging, the education sector should be on your watch list for 2021.
Construction & Infrastructure
Market Intelligence expert Glenigan predicts that by 2022, the value of underlying starts is forecast to total £49.3 billion, just 3% below 2019 levels.
The UK construction sector is one to watch as it is recovering well from the COVID-19 pandemic and challenges from Brexit.
Market intelligence expert Glenigan says:
“Greater public sector investment is expected to be a major driver for construction growth over the next two years, although the immediate priority of tackling the pandemic and the deferral of the Spending Review to later in 2021 are likely to temper the increase in government capital funding.”
The UK government has allocated “£3 billion to support NHS recovery, allowing them to carry out up to a million checks, scans and operations.”
During the government’s Spending Review, the Chancellor of the Exchequer, Rishi Sunak promised to deliver on the priorities of the British people and noted during his speech that the 2020 Spending Review honours the government’s historic, multi-year commitment to the NHS. He said:
“Next year, the core health budget will grow by £6.6 billion, allowing us to deliver 50,000 more nurses and 50 million more general practice appointments.”
The defence marketplace is booming.
The UK already spends 2% of its annual GDP on defence, the recommended minimum for NATO membership, however, in the latest announcement Mr Johnson revealed that the UK will be raising its percentage to at least 2.2 per cent, exceeding the NATO pledge.
In 2020 the Prime Minister announced the country’s largest increase in its defence budget since the end of the Cold War. During his speech, he said that the government’s defence plans:
“will safeguard hundreds of thousands of jobs in the defence industry, protecting livelihoods across the UK and keeping the British people safe.”
For more information about the defence sector visit Supply2Defence.
Find UK tenders
The economy is predicted grow by 5.5% this year and 6.6% in 2022, do not miss out on public sector opportunities.
If you would like to find UK tenders that are relevant to your business in 2020? Supply2Gov offers a tender alerts service with no strings attached.
New users can sign up for a local area subscription for free and can opt to upgrade to our UK-wide package at any point.
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