Empowering Growth: Supporting the Government’s Growth Agenda through Stability, Reform, and Investment.
How Bloom Can Support the Government’s Growth Agenda
In January this year, Chancellor Rachel Reeves’s recent speech at Siemens Healthineers Oxfordshire reaffirmed the government’s commitment to achieving economic growth through stability, reform, and investment.
As a key player in public procurement, Bloom Procurement Services is ideally situated to advance this agenda. Our fully managed service is powered by a dynamic and diverse ecosystem of 6,000+ pre-approved suppliers, enabling rapid, compliant access to specialist expertise and innovative solutions at scale.
Let's explore Bloom’s strategic positioning, which aligns with the established key pillars of economic growth: stability, reform, and investment.
Stability: Enhancing Public Finances through Efficient Procurement
As the Chancellor highlighted, stabilising public finances and guaranteeing that investment in public services is effective and meaningful are essential for economic growth.
Bloom can assist by offering public sector organisations an agile and compliant managed service that ensures maximum value for money. We have successfully delivered c.13,000 projects with an average savings of 14%, and have proven to direct public funds toward initiatives that foster growth.
Our outcomes-based model, implemented through the NEPRO3 framework, also reduces risk by ensuring that public spending leads to tangible, measurable results. This framework aligns with the government’s goal of ‘fixing the foundations’ to cultivate a stable economic environment.
Reform: Unlocking Growth through Enhanced SME Access and Regulatory Streamlining
Regulative and structural reforms are at the core of the government's strategy to stimulate growth. To help tackle supply-side constraints in the economy, the government will promote trade, investment, and entrepreneurship. Bloom plays a crucial role in this initiative by simplifying access to public sector procurement for SMES, boosting market competitiveness, and encouraging innovation.
While SMES are significant contributors to economic growth, they often encounter obstacles when entering the public procurement market due to complex processes. Through NEPRO3, we eliminate these hurdles by providing a fully managed, compliant service that assists SMES in efficiently navigating procurement regulations. Our ability to identify innovative and diverse suppliers and foster fair competition ensures that public-sector organisations can access optimal solutions while simultaneously supporting small businesses and entrepreneurs.
Investment: Fostering Infrastructure Growth through Strategic Procurement
Investment is recognised as the "lifeblood of economic growth," especially in unlocking critical infrastructure projects. The government announced substantial funding for transportation, clean energy, and technological advancements. The delivery of these projects depends on efficient and effective project execution.
Bloom is ideally positioned to support these investments by providing a managed service that facilitates the swift mobilisation of suppliers and contractors. We have effectively managed large-scale, multi-stakeholder procurement processes, ensuring that essential professional services for infrastructure projects are delivered on time, within budget, and to the highest standards.
Through this NEPRO3 framework, we can support the public sector in sourcing innovative and sustainable solutions that align with the government's net-zero objectives and enhance economic strength.
The government's emphasis on the Oxford-Cambridge Growth Corridor highlights the need for effective procurement strategies to support new developments. Bloom's capability to connect public sector buyers with quality suppliers aligns perfectly. This connection is crucial for realising the vision of "Europe's Silicon Valley" and ensuring the successful execution of AI, life sciences, and infrastructure investments.
We play a vital role in the UK's economic growth by empowering SMES to engage in public sector opportunities, streamlining procurement processes, and successfully delivering outcomes. As the government progresses with its Spending Review and Industrial Strategy, Bloom is ready to support public sector organisations in achieving their goals. Our outcomes-based procurement model, implemented via NEPRO3, guarantees that every pound spent generates measurable economic benefits, contributing to a more dynamic, innovative, and growth-focused economy.
