Minister urged to address procurement spend drop

Posted on 09 Aug 2018 and read 357 times
Minister urged to address procurement spend dropThe Federation of Small Businesses (FSB) is calling on the new Minister for Small Business, Consumers and Corporate Responsibility — Kelly Tolhurst — to take action on procurement, as new figures reveal that Government spending with smaller businesses has fallen by more than £1 billion.

The Ministry of Defence (-£1 billion), Department for Work and Pensions (-£100 million) and Foreign & Commonwealth Office (-£100 million) have all contributed to the fall.

FSB National Chairman Mike Cherry(www.fsb.org.uk) said: “It’s good to see that a new Small Business Minister has been appointed, and we look forward to working with Kelly Tolhurst.

"There’s plenty of work to do: procurement spend with small businesses is down to the tune of £1 billion, big question marks remain over the shape of Brexit and small retailers are still well and truly ‘under the cosh’.

“These new procurement figures are thoroughly disappointing. We’re calling on the new Small Business Minister to ensure that the Government meets its target of spending one pound in every three with smaller firms by 2022.”

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