5% of MOD Expenditure with UK Industry is with Small and Medium-sized Enterprises.
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Excerpt from the MOD's 'regional expenditure with industry 2022/23'...
This section describes the proportion of MOD expenditure with UK industry that is with Small and Medium-sized Enterprises (SMEs). SMEs are an entreprise or business with fewer than 250 employees and an annual turnover of less than €50 million. The results are outlined for the UK as a whole and further broken down by UK region in 2022/23.
5% of MOD Expenditure with UK Industry is with Small and Medium-sized Enterprises.
MOD direct expenditure with Small and Medium-sized Enterprises (SMEs) in the UK was just under £1.4 billion in 2022/23. Due to the nature of contract data, large fluctuations in expenditure with SMEs in each region year-on-year is expected, as variations will have a greater effect on the much smaller SME expenditure totals. The North East has the largest proportion spend with SMEs, at just under 13%. Yorkshire and the Humber and the West Midlands are second and third respectively.
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