Procurement as a strategic lever of small business growth: A review of public procurement spend with micro and small businesses in the UK (2019-2024)

Lynch, Jane ORCID: https://orcid.org/0000-0003-2863-8594 2025. Procurement as a strategic lever of small business growth: A review of public procurement spend with micro and small businesses in the UK (2019-2024). [Technical Report]. Cardiff: Professor Jane Lynch.

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Abstract

Public procurement has long been recognised as an important accelerator of business growth. This small business report demonstrates that the scope of opportunities through public spend is yet to be fully realised. For example, SMEs represent only one fifth of overall public spending, which is inconsistent with the percentage of SMEs in the UK (99.9%) compared with larger businesses. This report confrms that public spending figures with micro and small businesses is patchy across regions in the UK, and the overall trend seems to have plateaued. There has historically been little emphasis on the impact of public spending on micro and small business (employing less than 50 people), yet in terms of number of businesses, these represent the core of the UK business economy. This report focuses on two main research questions: 1. To what extent do micro and small businesses benefit from public spending in the UK? 2. Will the Public Procurement Act (2023) enable more inclusive growth opportunities for micro and small businesses?

Item Type:	Monograph (Technical Report)
Date Type:	Acceptance
Status:	Unpublished
Schools:	Schools > Business (Including Economics)
Subjects:	H Social Sciences > H Social Sciences (General) H Social Sciences > HJ Public Finance J Political Science > J General legislative and executive papers J Political Science > JS Local government Municipal government
Publisher:	Professor Jane Lynch
Funders:	Tussell
Date of First Compliant Deposit:	3 April 2025
Date of Acceptance:	31 March 2025
Last Modified:	09 Apr 2025 09:32
URI:	https://orca.cardiff.ac.uk/id/eprint/177384

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