Small firms urged to 'get stuck in' as UK government announces fresh target to spend one third with SMEs

The UK government has announced a target that £1 in every £3 will be spent with SMEs by 2020.

The Cabinet Office (CO) said government departments and the Crown Commercial Service would be setting out individual plans to ensure the “ambitious target” is met.

During 2013-14 central government spent £11.4 billion with SMEs, equivalent to 26 per cent of spend. Increasing this to one third would mean an extra £3 billion per year going to SMEs “directly or through the supply chain,” said the CO.  Read more at Supply Management.