Every year the UK spends £300bn on third party suppliers so it is vital to ensure we are getting the best value from the goods and services we buy. A big part of any public budget is not just the question of what things to buy, but the process of agreeing the terms and procedures for acquiring them.
The technical term is public procurement.
So, in this episode we’re going to have a brief look at what’s happening in the world of public procurement, or smarter spending, and what’s being done to not only improve the UK’s procurement regime, but also make it more innovation-friendly.
We hear from Lucy Sydney, Head of Head of Strategic Relations, Procurement Reform at the Cabinet Office who’s working on the UK’s Government’s new Transforming Public Procurement Bill. We meet Hao Zheng, Co-Founder and CEO of RoboK, a 3C sensing software company at the coalface of innovating in the transport sector. And we also hear from the Catapult’s Ecosystem Director for Place Leadership, Sam Markey.
Theme music on this episode is by Phill Ward Music (www.phillward.com)