Procurement Cards are being highlighted as the preferred method for purchasing goods and services during the COVID-19 outbreak. Increased spending limits aim to improve cash flow and support suppliers.
On March 20th the Cabinet Office issued reassurance to suppliers with temporary changes to existing procurement policy. The changes aim to protect suppliers, their workforce and supply chains, helping to ensure service continuity now and into the future.
To ease the impact of COVID-19, and any other possible global disruptions, the UK is investing up to £20 million to develop innovative and ambitious ideas to address the needs of society or industry – deadline 17 April 2020
On March 18th, the government acknowledged the strain on the public sector by making changes to procurement policy, and ensuring resources can be sourced as a matter of urgency.
The UK’s first Budget as a non-EU state was announced on 11th March 2020 by Chancellor Rishi Sunak – who had only 4 weeks preparation time, after the surprise resignation of his predecessor Sajid Javid.
Details of the previous Public Procurement Thresholds for the UK. Links to the updated thresholds can be found within this post.