£70 billion of potential government business published to boost UK growth
By Daniel Hunter
The Government’s long term plan to reform the way the public sector does business ramped up today (Thursday) as new and updated data on £70 billion of potential future government contracts was published by Cabinet ministers Francis Maude and Vince Cable.
Data has been published on £70 billion of potential future contracts over the next five years, across 13 different sectors including construction, property, medical and police equipment. Publishing data on future contract needs allows government and industry to work together to spot any skills and investment gaps so they can act to safeguard UK competitiveness and growth.
The Government’s proactive approach has been hailed by industry leaders today, and a total of 17 industry bodies and suppliers, including British Chambers of Commerce, the Confederation for British Industry (CBI), Institute of Directors and the UK Contractors Group, have signed up Government’s approach and signed ministers’ “Procurement Pledge”.
“We have published details of £70 billion of potential Government business. Never before has a government been so open about its long-term business needs," Minister for the Cabinet Office, Francis Maude said.
“Industry leaders recognise the value of publishing these pipelines and that is why they support our reforms which will boost growth.
“Publishing data on what we plan to buy — whether it’s tunnels or computers — means we can identify skills gaps sooner and give industry a heads up so UK businesses are in a better position to compete.”
Secretary of State for Business, Innovation and Skills, Vince Cable said publishing this data will give British companies confidence to invest.
"In the coming years the Government will purchase billions of pounds worth of equipment and services, which means billions of pounds worth of potential opportunities for UK business," he said.
"By publishing details of our expected future requirements ahead of time and adopting a strategic approach, we... continued on page two >