Select committee: Business, Innovation, Science and Trade Committee
Conclusion 3
15th Report – Small business strategy
Published 11 Feb 2026
Addressed to Department for Business and Trade
Business, Innovation, Science and Trade Committee Small business strategy All items in this report Report on parliament.uk ↗ Inquiry on parliament.uk ↗
Conclusion (the committee's words)
Procurement accounts for £1 in every £3 of Government spending. Today, just 20% of this—£45.4 billion—goes to SMEs. If the Government directed 30% to SMEs, there would be a £22.7 billion increased cashflow to SMEs every year. Government spending with SMEs is in a rut. The Government knows it must do more, but its solution of individual departmental targets is unlikely to step up SME cashflows. Given the potential prize of such a shift, Government action needs to step up. (Conclusion, Paragraph 28)
From: Business, Innovation, Science and Trade Committee, 15th Report – Small business strategy (HC 1057), 11 February 2026
Government response
No government response linked yet: deadline 11 April 2026, 204 days ago.