On 31 December 2020, the Brexit transition period ended and the UK formally withdrew from the EU Single Market and Customs Union. In the days leading up to this historic milestone, the UK Government published its Transforming Public Procurement Green Paper detailing the many changes it proposed to make to the current procurement framework once the UK was no longer bound by the EU Procurement Directives.
In summary, it is clear that the Government regards the current procurement structure as too restrictive. The Green Paper proposes a new regulatory framework designed to encourage a culture of continuous improvement to support more resilient, diverse and innovative supply chains.
However, in a recent survey conducted by our parent company, BiP Solutions, in response to the Green Paper, 45% of suppliers surveyed said they were unaware of the proposals and ultimately what to expect next.
In light of this, Tracker has put together a brief infographic detailing the expected timeline of events as the Green Paper moves through the relevant stages towards implementation.
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The above infographic has been taken from just some of the insight provided in our recently published guide ‘Fresh Opportunities in Public Spending – How Government’s procurement priorities are changing and what it means for you’ – a must-read for suppliers looking to be proactive in their new business development efforts in this lucrative market.
The report also details what these proposed changes could mean for your business.
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