Guidance: Resources for Start-ups & Investors
Procurement Act 2023: What You Need to Know
How does the 2023 Procurement Act work?
Effective from 24 February 2025, the Procurement Act 2023 introduces sweeping reforms to the UK’s public procurement system—making it simpler, more transparent, and more accessible to SMEs and social enterprises.
Key Highlights:
Unified Framework: Streamlines multiple regulations into one cohesive structure.
Transparency: Mandates open publication of procurement data via a Central Digital Platform.
SME Access: Simplifies procedures to help small businesses compete.
- Oversight: Establishes the Procurement Review Unit (PRU) to monitor procurement practices.
Useful Links:
Procurement Act 2023 – Short Guide for Suppliers
Transforming Public Procurement – Full Collection
Procurement Act 2023 – GOV.UK Guidance Documents