For years, the government has stressed its commitment to helping SMEs succeed. One of the ways in which it does this most obviously is through the money it directly spends on them when procuring goods and services. However, as Chris Haley, Sam Dumitriu, and Aria Babu explain in a new report, under the status quo, the government makes it hard for SMEs and startups to compete with large incumbents, even when they have a better product.
In Procurement and Innovation, the authors outline what challenges SMEs currently face when bidding for government contracts, before making a series of recommendations on how to mitigate such issues.