Procurement Act 2023 & SHG Suppliers
Are you ready for go-live on 24 February 2025?
The Procurement Act 2023 is the largest overhaul of procurement regulations in a generation and is mandatory for all public contracting authorities. It aims to bring great benefits to both the public sector and suppliers, drive innovation, deliver better outcomes and embed transparency right through the commercial lifecycle, so everyone can access procurement data and see how public money is spent.
It's designed to:
- Boost transparency
- Create more flexible procurement processes, aligned to the marketplace, product or service
- Increase supplier engagement
- Help level the playing field for Small and Medium-Sized Enterprises (SMEs) and Voluntary, Community and Social Enterprises
- Strengthen provisions for prompt payments
- Create more flexible commercial frameworks, giving suppliers improved access
- Develop compliance and complaints processes and consideration of national security and debarment issues
- Simplify the bidding process with a new central digital platform, so suppliers can register their details once for multiple bids, find a tender and see all opportunities in one place
Why these changes matter to you:
- This is a pivotal time for anyone involved in public sector procurement.
- Understanding the changes can position you to take full advantage of the new processes which will apply to all new procurement opportunities published on or after 24 February 2025.
- As a supplier, you need to prepare for this significant change.
- Below are some useful resources to help you prepare.
Resources
Familiarise yourself with the Act and the changes you will need to make with these useful resources.
Webinars for suppliers and other external organisations
The Procurement Act 2023 will go live on 24th February 2025. To support readiness for the new regime, there will be two webinars for suppliers and other external organisations in January. These sessions will focus primarily on what the key changes are, how the central digital platform will work (featuring a live demonstration), and will be an opportunity to ask questions on your own preparations for go-live.
The sessions will be recorded these recordings will be made available via the GOV.UK website for those unable to attend.
You can book your place using the links below:
Thursday, 23rd January 2025, 10:30am – 11:30am - Procurement Act 2023: Webinar for suppliers & other interested parties Tickets, Thu, Jan 23, 2025 at 10:30 AM | Eventbrite
Friday, 24th January 2025, 11:.00am – 12:00pm - Procurement Act 2023: Webinar for suppliers & other interested parties Tickets, Fri, Jan 24, 2025 at 11:00 AM | Eventbrite

Procurement Act 2023 short guides
The Cabinet Office has released a series of short guides, videos and animations on the key benefits of the Procurement Act, covering timelines and suggested considerations and next steps for Contracting Authorities and Suppliers, which can be accessed here