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Building Awareness of Public Sector Procurement Support

11 July 2024

The latest edition to the business support offer the Leicester and Leicestershire Growth Hub are promoting has its focus on building awareness of public sector procurement support.

The updated page found here provides background on how procurement processes work within the public sector. There are also several links to find contract opportunities in the following areas:

– Government
– East Midlands area
– B2B Tenders
– MOD sector

The building awareness of public sector procurement support page covers a wide range of topics. A snapshot of one of these is the importance of public sector procurement and the economic impact it has. Public sector procurement represents a significant portion of national economies. By making strategic purchasing decisions, the public sector can stimulate local economies, promote innovation, and support small and medium-sized enterprises (SMEs). These business types make up the majority of businesses in the Leicester and Leicestershire region.

As a business owner or senior decision maker it is vital to know the key principles of public sector procurement and how they help organisations to meet set wider strategic targets and ethical responsibilities.

These key principles are:

– Transparency
– Fairness and competition
­- Value for money
– Integrity
– Accountability

Business owners and decision makers can find out how the public procurement process works with simple to follow steps. As well as having an increased awareness of the benefits for your business through bidding for public sector tenders.

 

Read the full article here