UK Government Spending With Small Businesses Continues To Rise

United Kingdom - New data published today shows that government spending with SMEs continues to rise.

The latest procurement figures for 2019/20 show that across government, £15.5bn was paid to small and medium sized businesses to help deliver vital public services. The figure is an increase of £1.3bn on the previous year and the highest since records began in 2013.

Cabinet Office Minister, Lord Agnew, said:

"Small and medium-sized businesses are the backbone of the UK economy, fuelling economic growth and providing employment for almost 17 million people.

"That is why we are determined to make sure the power of government spending supports this vital sector and helps bring forward the delivery