Part of 1. Questions to the Minister for Finance and Trefnydd – in the Senedd at 1:54 pm on 3 April 2019.
Thank you for raising the important issue of procurement. Of course, our strategy is having a positive impact on the economy in Wales and on businesses in Wales, with Wales-based suppliers now winning over half of the annual £6.2 billion procurement expenditure. However, I am very much ambitious to do more, and I'm ambitious for our SMEs to be able to play their full part in that. We're certainly using our policies to lower the barriers to small businesses and to enable them to secure places in supply chains in Wales. The outcomes that we are achieving far exceed the targets that the UK Government is working towards for engaging with SMEs. So, such policies include community benefits, the supplier qualification information database, project bank accounts, the code of practice for ethical employment and our joint bidding guidance. And we're continuing to open up opportunities for smaller firms, and our encouragement for public bodies to advertise all contracts below £25,000 on Sell2Wales is driving some really positive change.