Procurement Act 2023
Baroness Kramer Excerpts(1 month, 1 week ago)
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Baroness Twycross (Lab)
I am happy to look into the point the noble Baroness raises. A new duty under the Procurement Act will require contracting authorities to have regard to small businesses, including ensuring 30-day payment terms on a broader range of contracts. We are keen to encourage more suppliers, particularly SMEs, to bid, which increases competition and should in turn support growth.
Baroness Kramer (LD)
On my noble friend’s point, I am not sure the Minister quite grasped the key issue, which is that if small businesses are required to make public their intellectual property and innovation—so that it then becomes available for much larger firms to take it over and use it without any payment—they are totally discouraged from putting forward their names for contracts to government.
Baroness Twycross (Lab)
I understood the point that was raised, but I did not have the answer. I apologise that I did not have the exact answer. I will go back and look into this, and I will make sure that I write to both noble Baronesses.