House of Commons · Written Ministerial Statement
National Procurement Policy Statement
13 February 2025 · Cabinet Office
Proposed by Georgia Gould Lab Queen's Park and Maida Vale
Summarised by AI from the official record, so it can contain mistakes.
At a glance
Key points
- The Government is publishing a National Procurement Policy Statement to maximise the impact of public procurement spending.
- The statement outlines new measures to support SMEs and VCSEs, including three-year targets for direct spend and regular spot checks for timely payments.
- A Commercial Innovation Hub is established to assess the public interest in procurement processes.
Issue summary
The Government is publishing a National Procurement Policy Statement to maximise the impact of public procurement spending.
Action requested
The statement outlines new measures to support small and medium-sized enterprises (SMEs) and voluntary, community and social enterprises (VCSEs), including setting three-year targets for direct spend with these entities, regular spot checks for timely payments, and a requirement for prompt payment of invoices. It also includes reforms to assess the public interest in procurement processes and the establishment of a Commercial Innovation Hub.
Key facts
- £400 billion spent annually on public procurement.
- New measures will set three-year targets for direct spend with SMEs from April 2025 and VCSEs from April 2026.
- Regular spot checks ensure smaller companies are paid within 30 days.
- Procurement Act 2023 commences on Monday 24 February.