The government has continuously spoken of how important the SME and company formation sector is to the UK’s economic recovery. However, until now, they have failed to mobilize public sector spending to help small businesses.
In this country, the public sector spending contracts are worth almost £250 billion pounds a year. Yet as a consequence of the notoriously complex ‘bid system’ the government has in place – which requires a huge amount of resource dedicated to it – public sector contractor have on the whole been won by large corporations.
However, yesterday the government launched an initiative to assist small businesses to bid for public sector contracts. The new initiative consists of a nationwide training scheme to train small business owners in how to bid for public sector contracts.
Richard Aaron, founder of the Small Business Forum comments; “The government should be trying to ensure public spending is as efficient as possible. The small business sector has a lot to offer and teach the government, in terms of value and skills and it is very encouraging to see any move towards helping the SME sector seek and grasp new opportunities.”