Small businesses are set to benefit from £1 billion of funds every year through laws proposed today allowing local authorities to reserve some contracts for suppliers in their area.
These reforms are the latest in a series to unlock growth by slashing commercial red tape, simplifying the public contracts regime and removing barriers for smaller firms to work with government, News Cover reports, citing UK government.
Under the changes, councils, fire and police authorities in England will now be able to reserve competitions for their lower-value contracts to UK-based suppliers and suppliers in a defined local area.
