Public procurement is a powerful lever for shaping local economies, yet it is still too often treated as a compliance exercise rather than a strategic tool.
Public procurement accounts for around 14 percent of UK GDP. This gives the public sector significant influence over how new ideas are developed and adopted, and how major societal challenges are addressed.
Public procurement under the Procurement Act 2023 aims to drive innovation and social value through flexible, strategic practices. This brief outlines key lessons for effective implementation.
This research brief discusses the implication of recent policy developments, including the National Procurement Policy Statement (NPPS) and the Procurement Act 2023, which highlight the potential for procurement to drive local economic growth and innovation.
Understanding trends in public sector spending, supplier engagement, and funding allocation effectiveness is crucial in building trust in the government.
The UK is at a critical point in its transition to a net-zero future, with one of the most urgent challenges being the retrofitting of social housing to transform them into energy-efficient, low-carbon homes to meet the 2050 net-zero targets.