Supplier Opportunities
Supplying Magenta Living
Changes to the Public Contracts Regulations 2015.
Public procurement regulations are changing, and are due to be replaced by a new Procurement Bill (Act).
It is anticipated that the new Regulations will go live early 2024. The new Procurement Act will make it easier for businesses to enter public sector supply chains and this will benefit Small and Medium Enterprises (SMEs) and Voluntary, Community and Social Enterprises (VCSEs), both of which have historically faced barriers in working with central government and wider public sector.
The Procurement Bill is therefore an opportunity to make it easier to do business with the public sector, further details can be found in the document “Benefits for Prospective Suppliers to the Public Sector”. For more details on the changes in the Regulations please visit the ‘transforming public procurement’ page here.