Place-based opportunities and challenges for public procurement of innovation
By adopting a place-based approach, local governments can tailor procurement policies to address specific regional economic and social challenges. The findings from the West Midlands serve as a valuable guide for policymakers, businesses, and researchers seeking to maximise the impact of public procurement on regional development.
Key Highlights:
- Public procurement acts as a catalyst by connecting public services with cutting-edge technologies and forward-thinking businesses.
- Innovative procurement models are enabling small and medium-sized enterprises (SMEs) to participate in public contracts, fostering economic resilience and job creation.
- The integration of sustainability goals into procurement policies ensures that public spending contributes to the region’s decarbonisation and green growth objectives.