The MOD has committed to increase its direct and indirect spend with SMEs by at least 25% by 2020.
The UK Ministry of Defence (MOD) spends roughly £20 billion on the procurement of goods and services with industry each year. This equates to 45% of overall central government spend, making the MOD the single biggest spending customer in the UK.
In 2015/16, the MOD bought goods and services from 4,900 different SMEs, worth an average of £155,510 per SME
The MOD’s forward equipment plan, launched in 2013 and updated annually thereafter, outlines a planned spend of £178 billion over the next ten-year period for new equipment, data systems and equipment support.
This is why bidding for MOD tenders and winning contracts will secure your business growth in the long term.
The MOD recognises the huge value and specialist niche capabilities that Small and Medium-sized Enterprises (SMEs) and university spin-offs can bring to defence and security; and with efforts co-ordinated by the Cabinet Office, the MOD has committed to increase its direct and indirect spend with SMEs to at least 25% by 2020.
In the 2015/16 Financial Year, the MOD bought goods and services worth £762 million from 4,900 different SMEs. That’s an average of £155,510 per SME!
Ministry of Defence tenders are lucrative to your business and the MOD is actively encouraging businesses like yours to bid for and win their contracts.
Remember, UK MOD tenders are not limited to traditional military materiel, such as ammo and vehicles, but extend to cover a vast range of goods and services in sectors such as ICT, research and development, manufacturing and blue light services.