Despite ministers' promises to support the small and medium-sized enterprise (SME) sector, analysis by the Spend Network found that big corporations still win the lion's share - 90 per cent of contracts worth £30bn a year deemed to be suitable for bids from smaller businesses.
Speaking ahead of Small Business Saturday, Labour's deputy leader Angela Rayner said that Britain's SMEs were being "choked out of bidding processes". She pointed to figures showing that the government has repeatedly missed its target for SMEs to benefit from 33 per cent of total procurement spend, with the figure reaching just 26.7 per cent in 2019-20 and 26.9 per cent in 2020-21.
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