Asked by: Matt Hancock (Independent - West Suffolk)
Question to the Cabinet Office:
To ask the Chancellor of the Duchy of Lancaster and Minister for the Cabinet Office, what proportion of Government procurement is from SMEs.
Answered by Michael Ellis
The government wants small and medium sized enterprises to benefit from central government procurement spend, either directly or indirectly via the supply chain. Reports on this aspiration are published on GOV.UK on an annual basis.
The latest procurement figures for 2019/20 show that £15.5bn was paid to small and medium sized businesses to help deliver vital public services. This figure is a substantial increase of £1.3bn on the previous year and the highest since records began in 2013.