The annual conbined turnover of UK Small and Medium Sized Enterprises (SMEs) was over £1.8 trillion in 2016. Governments in recent years have committed more and more funding to them, since it is clear they are key to economic growth.
Following on from a previous blog (‘A Bidding Guide for Small Businesses’, 10/04/17), we want to discuss how else SMEs can get involved in public procurement. Framework agreements represent around 45% of procurements in the UK, and they are increasingly valuable for SMEs.
However small a business, there are always opportunities to enter the public sector procurement market. As a fellow Small and Medium Enterprise (SME), HealthBid loves working with the small and mighty businesses out there, and can help make sense of the processes that may appear daunting and unreachable at first.
This guide will hopefully show how big an impact SMEs can have by getting involved in the procurement process, and will highlight how we can further help you.