27 Jan 2020 - By
By

Procurement in 2020: What happens next?

As we enter 2020 and a new decade, the public procurement landscape looks set to be redefined by the UK’s relationships beyond Brexit.

However, the ever-present background noise of Brexit is likely not to be as distracting as last year. The General Election result in December provided a significant majority for the Conservative Party; meaning Britain now seems destined to leave the European Union on 31 January 2020.

This will be followed by a transition period, when Britain will remain a member state until the end of the year. During this period, negotiations will determine Britain’s relationship with the EU in the post-Brexit world.

Against this political backdrop, we can expect the Government to push on with high-profile investments within sectors such as infrastructure, healthcare, security and defence.

Looking at the defence landscape, the Conservative manifesto pledged that a Conservative government would exceed the NATO minimum 2% of GDP defence spend, with an increase of 0.5% above inflation for every year of the new Parliament. The manifesto also pledged to modernise and invest in training and equipping the Armed Forces, including a focus on investment in cyber security and creating a UK Space Command.

In the run-up to the election, the Prime Minister, Boris Johnson, and the other NATO leaders met for talks designed to strengthen the alliance and to ensure it is best placed to deal with future challenges.

The meeting highlighted the need to invest in technology to meet emerging threats such as cyber and hybrid attacks, and to protect key infrastructure. It also recognised space as an operational domain.

This investment and expansion into new battle spaces will create significant opportunities for those companies working in the defence industry or looking to break into this lucrative marketplace in 2020 and beyond.

It’s no secret that early engagement gives businesses the best possible advantage, and it’s here where Defence Contracts International (DCI) can help you get ahead of the curve.

DCI’s range of features can help you engage earlier, be more competitive and sell more effectively to support your business growth at every level, whether you are an SME relatively new to working with the defence sector or a multinational company looking for deeper market insight.

Its Market Leads tool can help you to gather information and integrate solid business intelligence into your defence procurement strategy, giving you early visibility of upcoming recurring projects and framework renewals – long before they’ve even been tendered.

DCI’s Market Intelligence tool is another way users can maximise their business growth opportunities. DCI’s team of in-house professional journalists research business and government news daily from our database of more than 5000 unique sources, providing you with tailored market updates matching your unique business profile for maximum relevance.

More than just a news feed, this content provides a wealth of crucial market information. When used strategically it can help you stay one step ahead of the competition, and be more proactive when tendering for contracts relevant to your business.

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