Unlock the Power of Procurement: IPEC First Annual Sentiment Analysis 2024
Procurement is a powerful lever for innovation, with the UK public sector spending £380bn annually and local government alone accounting for over £60bn. But how well is this potential being harnessed to drive innovation and create better public outcomes?
The IPEC First Annual Sentiment Analysis 2023-24 sheds light on the current state of innovation procurement in the UK public sector. Based on insights from 114 survey respondents and 15 in-depth consultations, this inaugural report highlights key challenges, including a risk-averse culture (65%), limited budgets (55%), and confusion around procurement rules (58%). It also explores the slow but growing adoption of innovation-friendly practices, with only 4% of organisations embedding innovation procurement, but 60% actively exploring or developing it.
Packed with data, trends, and practical recommendations, this report is a must-read for public sector leaders, procurement professionals, and anyone looking to leverage procurement to unlock innovation, strengthen supply chains, and achieve strategic goals.
Our second survey is coming soon! Stay informed and be the first to participate—subscribe to our mailing list for updates.
This report is for public sector leaders, policymakers, and procurement professionals looking to drive innovation and tackle challenges in procurement.