This SME Action Plan sets out a modern, ambitious strategy to ensure at least £1 in every £3 we spend, will be with smaller businesses by 2022. One important measure that will be introduced is to require BEIS Group’s biggest suppliers to monitor and report SME spend in their supply chain arising from BEIS contracts. It will also ensure that by 2022 the BEIS Group will be spending an extra £35 million with SMEs.
Further improvements will be the visibility of SME opportunities by requiring the Government’s large suppliers to advertise their subcontracting opportunities on Contracts Finder.
The BEIS SME Action Plan summarises changes in the procurement process made in recent years and sets out specific actions the department will undertake to promote increased spend with SME organisations in future.