Small firms given fighting chance to win Government contracts

The process also takes much longer than elsewhere in the EU. Last year, data company Spend Network, working alongside the Open Data Institute, analysed more than £1trillion in EU procurement data, and found that the UK’s tendering process is 45pc slower than the EU average.

It took the Government 53 days longer than the EU average to complete an EU-compliant tender last year.  The Report on Small Firms, which took Lord Young five years to compile, also reiterates the Government’s pledge to eradicate late payments. A third of public sector bodies still take more than 30 days to settle their bills. However, as of this month, all public bodies will have a legal duty to pay within 30 days and ensure those terms flow down the entire procurement chain.  Read more at The Telegraph