Yesterday was the first full day back to work for many businesses since 20th December and 24 hours later is the first day back for our Parliament. One of the claims from this Government going back nearly a decade was to increase the amount of public procurement directed at SME’s. However not only have they more or less ignored that concept in the last few months, but their focus is in any case limited to the larger SME businesses, few of which exist in our region, and even in other places they are relatively small in numbers and their capacity to grow the economy is modest.
What is needed is a major shift back towards the concept of procurement from SME’s and towards the Micro Enterprises and Small Businesses rather than the a limit to the Medium Sized Businesses. Inevitably the definition for such bodies can be a bit pedantic, as businesses grow, however:
- Micro Enterprises are 0-9 Employees and 0-£2m turnover
- Small Businesses are 10-49 Employees and £2m-10m turnover
- Medium Sized Businesses are 50-250 Employees and £10m-£50m turnover
While it is important to understand these criteria the most important issue is to support businesses in our area, offering contracts to local companies that are flexible and capable of growing in a way that will take on new members of staff. The data is clear that Micro and Small businesses can significantly impact the economy, providing they are given the opportunity to do so. One of the campaigns that supports this approach is as shown above which is developed by Tony Robinson and this is the 6th year it has taken place. If everyone in a position to carry out procurement used this week and particularly this Friday to focus on Micro Enterprises, the change to our economy could be huge.