Member Article

'Small businesses better value for public money' - FSB

As the Christmas shopping period draws to a close, the Federation of Small Businesses (FSB) in the North East is calling on public sector buyers in the region to remember that better buying will also save money for the taxpayer. The public sector spends £120 billion per year in the UK, and the FSB believes that involving more small businesses in public procurement can lead to better value for money. John Wright, FSB NE Policy Chairman, said: “Christmas shoppers are looking for bargains and the public sector should be no different. This is our money they are spending after all. “Only by opening up public sector tendering processes as much as possible will full competition between businesses bring this value for money to public spending. “Procuring with small businesses in the North East makes good economic sense and it also fits in with regeneration objectives. These businesses are local and employ local people. Putting money back into the local economy through buying products and services from small firms in the area is a winning formula for all concerned. We urge public sector buyers to get a copy of our advice leaflet and act on its recommendations.”

This was posted in Bdaily's Members' News section by Ruth Mitchell .