Defence: Procurement
(asked on 3rd March 2025) - View Source
Question to the Ministry of Defence:
To ask the Secretary of State for Defence, what his Department's target is for direct SME spending in the 2024-25 financial year.
This question was answered on 10th March 2025
The Ministry of Defence (MOD) is committed to publishing the target for direct SME spending by June this year.
The target, covering the period up to 2028, will be challenging but achievable and will be significantly above the current level of MOD direct spending with SMEs of 4% (£1.3 billion annually) in Financial Year 2023-24. Every 1% increase would mean over £250 million of additional direct MOD spending with SMEs annually.