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spending

Local Authorities must boost SME spending according to ‘first of its kind’ report

Newly published report, “Spend Small – The Local Authority Spend Index” -- reveals how much local authorities spend on goods and services from small and medium-size businesses. Written by the Centre for Entrepreneurs and Spend Network, the report is the first of its kind to draw upon analysis of government spending data: more than 44 million transactions across 158 local authorities. It also outlines recommendations for local and central government to boost their spending with small firms, which in turn will lead job creation and economic growth. This report comes four years after a coalition agreement committed to promote small business procurement, with the aim that 25 percent of government contracts be awarded to SMEs by 2015. Last year we reported on “Government spend with SMEs – some success, a whole lot of political spin” which you can read here.