The Government has set out how procurement will change for Government contracts once the Brexit transition period ends at the end of this year.
The new procedures aim to improve the efficiency of procurement and ensure tax payer’s money is being spent effectively by cutting red tape and reducing the bureaucracy to “unleash wider social benefits from public money spent on procurement.”
Over the past 14 months, the Government have gathered a team of specialists in international procurement to ensure that the new rules are as efficient as they can be, taking advantage of the UK’s new flexibility after leaving the European Union.
Cabinet Office Minister, Lord Agnew, said:
“The measures outlined today will transform the current outdated system with new rules, providing flexibility to the public sector and less burden on business.
These long standing plans have been developed with international procurement specialists and will help unleash innovation across the country and provide a fairer system for small businesses.”
In further procurement announces, the Government will allow the public sector to buy British for contracts not subject to international trade rules, by allowing competitions for government contracts under £4.7m for public works and £122k for goods and services to be limited to small businesses, voluntary, community and social enterprises, or to a certain geographical area.
These changes carry on from the Government’s public procurement guidance issued last week, which set out what changes would affect contracts taking place after the transitionary period.