Public Procurement is changing next year.
On 24 February 2025, the rules that shape how public bodies buy goods and services will change. The Procurement Act 2023 will improve and streamline the way procurement is done and benefit prospective suppliers of all sizes, particularly small businesses, start-ups and social enterprises.
If your business supplies goods, works or services to organisations in the public or utility sectors – or hopes to do so in the future – you need to know about the changes. This includes supplying to government departments, the NHS, local authorities, universities, schools, social housing organisations, police and fire brigades and utility companies.
Key benefits for suppliers include more standardisation and streamlining of procurement processes - but there are also additional benefits in the Act such as requiring better oversight of procurement decisions and strengthening payment terms.
Date: 20 November