Government tenders are attractive to many private sector organisations. Why? Public bodies are extremely good customers and payment terms are generally more favourable.
Although the market is competitive, it is not impossible to gain government as your customer; in fact, in recent years SMEs have been widely encouraged to apply for work with central government.
Find out more about SME growth and applying for government tenders below.
SMEs – Driving the UK Economy
There has been a rise in the number of private sector businesses in the UK, hitting a record 5.7 million this year. This is an increase of 197,000 since 2016, and 2.2 million more than in 2000.
Many analysts have claimed that SMEs are helping to build a better future for the UK. Figures show that SMEs are driving the British economy forward, providing a high percentage of all private sector employment.
Working with the Government
A shift in attitude from the UK Government could be encouraging more small businesses to invest in growth. Most recently Chancellor Philip Hammond expressed his appreciation of SMEs during the Autumn Budget 2017:
“We can’t build an economy fit for the future without supporting its backbone: our 5.5 million small businesses who are responsible for nearly half of our private sector jobs.
“They give it extraordinary vibrancy and resilience”.
Now is an excellent time for small businesses to bid for government tenders. The UK Government is keen to pursue its agenda of actively supporting small and medium-sized enterprises in bidding for public sector work.
Projects announced during the Autumn Budget are a great starting point for businesses that have never worked with government before. Central government is determined to “support the growth of the SME housebuilding sector”, allocating new money for the Home Builders Fund to get SME housebuilders building again.
How can SMEs access Government Tenders?
Government tenders have become more accessible to SMEs as many are investing in technology like Tracker Intelligence, which in turn makes the procurement process more competitive. Tailored, insightful information and statistics are always worth the investment and can be extremely valuable in particular to businesses with lower resources to pursue their own market research.
Solutions such as Tracker Intelligence reduce the burden on SMEs that do not have the employees to actively search for government tender opportunities. At Tracker, we can help you find more relevant tender opportunities and awards notices than anyone else in Europe, thanks to the detailed daily alerts that we send our customers.
This is just one aspect of our package that allows you to find, bid for and win public and private sector business.
How Tracker Can Help
We have a range of packages available that can be tailored to the needs of an SME business.
The post The Future Is Bright for SMEs Winning Government Tenders appeared first on Tracker Intelligence.
Last updated on July 20th, 2022
Dec 07, 2017.