Brexit and Procurement
UK’s Industrial Strategy announced—new Government contracting approach will favour UK-based firms after Brexit.
- UK Government spending currently runs circa £278 billion per annum.
- Government contractors will be given priority when bidding for UK Government work after Brexit.
- International players should take note and design their organization and operating models accordingly.
Currently, EU public procurement rules, under which “buy national” policies are outlawed, mean that companies from all 28 countries are given an equal opportunity to bid for work from the UK Government. In the UK, procurement rules such as the Public Contracts Regulations 2015 are based, largely, on the transposition of these EU rules into our domestic law.
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