Amid rising uncertainty in international commerce, many nations are rethinking how public procurement can strengthen home industrial provide chains, notably for low-carbon industrial merchandise.
A brand new report ‘Powering up public procurement to drive decarbonisation and industrial competitiveness’, finds that the UK has up to now under-used this coverage lever.
With extra strategic deployment, procurement might play a far higher position in boosting provide chain resilience and supporting jobs in key industrial sectors corresponding to metal, cement and paper.
Drawing on financial evaluation by Cambridge Econometrics and coverage evaluation from the Aldersgate Group, the temporary assesses the present procurement panorama, identifies gaps, and units out sensible suggestions to enhance the design, focusing on, and enabling situations for low-carbon public procurement.
With no extra strategic and market-informed method to low-carbon public procurement, the UK dangers lacking out on development and innovation in core industries.
Companies nonetheless face inconsistent necessities throughout public our bodies, creating pointless burdens and undermining the funding certainty wanted to scale low-carbon manufacturing.
Beth Barker
Head of Coverage, Aldersgate Group
