We help make your business a success

Government “loses momentum” in efforts to increase SME spend

The Government has “lost momentum in its efforts to spend more with SMEs”, according to a report from the Public Accounts Committee.

The Committee, which scrutinises public spending, concluded, “It is not clear that SMEs are better able to compete with larger providers or whether they are actually getting any more government business than before.”

Questionable target

Referencing the Government’s reported progress on increasing procurement spending with SMEs from 25% to 33% by 2020, the Committee piled on further pressure, commenting, “It is not clear how the Government decided on 33% as a target or how achievable it is.”

The Committee also called on the Government to make it easier for SMEs to find out about contract opportunities.

Meg Hillier MP, Chair of the Public Accounts Committee, commented:

“We are sceptical about just how much progress has been made on increasing spending with SMEs.

“The fact the Government has changed its approach to measuring such spending in four of the last five years makes it impossible to properly assess performance.

“The Government has now committed to an ambitious, higher target for SME spending and there is clearly work to be done if that target is to be achieved. It’s a simple point, but launching initiatives is not the same as delivering results.”

You can read the full report here.

Invoice templates

Invoicing software and templates

Create, send and store sole trader invoices in a snap with our free invoice software. You can also download a selection of invoice templates for all business types.

Business guides

Business guides

From understanding expenses to starting a limited company, our downloadable business guides can help you.

Payment reminders

Payment reminders

If a client hasn't paid an invoice, download our late payment reminder templates and get that invoice paid fast.

Glossary of Business terms

Unsure of the difference between cash-flow and capital? Business jargon can often be complicated, especially if you're just getting started. We've compiled a glossary of some often-used business and accounting terms and provided easy to understand definitions, with links to further info where appropriate.

Read this article

The best accounting advice

Our accredited team are on hand to help you choose the best package

We understand that it can be difficult deciding whether or not to switch accountants, but at Crunch we’ll offer you fair, unbiased advice on what’s best for you.

Find out more