London’s business ecosystem is evolving and inclusive procurement is at the heart of this transformation. Traditionally, supply chains have been dominated by large, established players, leaving smaller businesses struggling to gain a foothold. Today, that’s changing. Public and private sector organisations are increasingly prioritising diverse, local and socially responsible suppliers, creating new opportunities for SMEs to thrive.
What is inclusive procurement?
Inclusive procurement goes beyond cost and efficiency. It’s about ensuring that businesses of all sizes, backgrounds and ownership structures have fair access to supply chain opportunities. This includes:
- SMEs and micro-businesses
- Social enterprises
- Minority-owned and women-owned businesses
- Local suppliers contributing to community development
By embedding inclusivity into procurement policies, organisations are not only meeting social value commitments but also driving innovation and resilience in their supply chains.
Why does it matter for London?
London’s diverse economy is a strength, but only if that diversity is reflected in its supply chains. Inclusive procurement:
- Boosts local economies by keeping spending within communities
- Encourages innovation through collaboration with agile SMEs
- Delivers social impact by supporting underrepresented groups and creating jobs
For SMEs, this shift represents a golden opportunity to access contracts that were previously out of reach.
How can SMEs get involved?
- Understand buyer requirements
Many organisations now include social value criteria in tenders. Familiarise yourself with these expectations and highlight how your business contributes to community, sustainability or diversity goals. - Get certified
Certifications like Living Wage Employer, Disability Confident, or Fairtrade can strengthen your credentials and make you more attractive to buyers. - Network and collaborate
Join supplier diversity programmes, attend procurement events and build relationships with prime contractors who need inclusive partners. - Showcase your impact
Buyers want evidence. Document your social and environmental contributions, whether it’s local hiring, green practices or community engagement.
The bottom line
Inclusive procurement isn’t just a trend, it’s a strategic shift that benefits everyone. For SMEs, it’s an opportunity to grow, innovate and make a positive impact while securing new revenue streams.
Ready to accelerate your business growth? Visit our website to discover how Newable Advice can help you tap into inclusive supply chains and unlock new opportunities >> https://advice.newable.co.uk/