Small and medium-sized enterprises (SMEs) in the UK have faced challenges from austerity measures and Brexit over the past 6 years, but working with the government can help drive growth, according to Seth Finegan of Informed Solutions. Only 27% of SMEs currently do business with the government, despite procurement spending of £300 billion in 2015, and most SMEs are unaware of resources like Contracts Finder that can simplify the procurement process. Additionally, just 11% of UK SMEs export beyond the country's borders, but exporting expertise and using government support for international trade could help realize greater potential for SME growth and increase UK exports by £140 billion annually.

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www.informed.com
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“SMEs Working with Government to Drive Growth”
Seth Finegan, UK CEO, Informed Solutions
1st December 2016

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SMEs and UK Growth
• Austerity in 2010
• Brexit in 2016
• 6 years of opportunity
• 6 years of progress?

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Doing Business with Government
• 27% of procurement spend in 2015
• Simpler, faster procurement
• 64% still not using Contracts Finder
• 94% lack of awareness barrier

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Beyond UK
• UK ranks bottom 5 for SME Export in Europe
• Only 11% of SMEs working beyond UK borders
• £300k/annum/SME typical newly generated growth
• Growth in value of UK exports
of £140 billion

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Realising Our Potential
• Exporting our highly respected D5 expertise
• IT and communications industries twice as
likely to have export plans
• North West exports £20bn/year
• DIT’s Great.gov.uk support