Our SME success
23rd Jun 2015
We are pleased to have demonstrated our commitment to supporting small and medium enterprises (SMEs)
Newlon’s analysis of our spend with construction-related companies during 2013-14 showed that 28% of our direct spend is with companies that are SMEs.
Much of our indirect construction spend is also likely to be with SMEs, since the government’s analysis of big construction projects shows that a high percentage of the spend with a main contractor (who would not usually be an SME) gets channelled to sub-contractors that are SMEs.
Our construction-related direct spend with SMEs exceeds the government’s target for central government, which requires that 25% of direct and indirect spend should be with SMEs.
Newlon’s focus with regard to SMEs is to:
- Gather comprehensive data about the SME status of our entire supplier base
- Annually analyse and report upon our engagement with SMEs