Source · Select Committees · Science, Innovation and Technology Committee
Recommendation 33
33
The best way for government to encourage innovation is by procuring it.
Recommendation
The best way for government to encourage innovation is by procuring it. The government should therefore require central departments and public bodies to spend a defined minimum percentage of their technology procurement budgets on products offered by UK-based and UK-owned start-ups and SMEs by the end of the current Spending Review period, and to publish quarterly updates on progress made against this. (Recommendation, Paragraph 101)