CICs are failing to make headway in gaining public sector deals

Extracts from an article by Herpreet Kaur Grewal, journalist at FM World.

“Despite a government commitment to open up public sector contracts to a range of providers, there has been little increase in public sector contracts being awarded to community interest companies (CICs) since 2016, according to analysis of data released by Social Enterprise UK.

According to analyst Tussell, in the first quarter of this year 69 public sector contracts were won by CICs. In Q1 2016, the figure was 65 – a growth of just 6 per cent in two years. Only 0.4 per cent of all public procurement contracts are won by CICs and only 1 per cent of all contracts deemed “suitable” for voluntary, community and social enterprise (VCSE) organisations are won by CICs.” […]

“In future, this piece of research in the collaboration between Social Enterprise UK and Tussell will be updated every quarter. The Tussell-Social Enterprise UK Index is to promote a fact-based understanding of the role of CICs in the public sector supply chain to measure continuing progress in the government’s social value agenda.”

Read the full article on the FM World website.

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