Question to the Ministry of Defence:
To ask His Majesty's Government what criteria the Defence Office for Small Business Growth will use to define (1) small businesses, and (2) small contracts.
The Ministry of Defence’s definition of a SME is aligned with that outlined in the Procurement Act 2023, namely they must have fewer than 250 staff, less than or equal to £44 million in annual turnover or a balance sheet total of less than or equal to £38 million, and independent of any larger parent organisation. We would consider small contracts to be those of a total contractual value of £1 million or less.