The Small Business, Enterprise and Employment Act 2015, also referred to as SBEE,[1] received Royal Assent in March 2015.

One of the particular objectives underlying potential regulations would be to ensure that procurement functions are exercised in an efficient and timely manner.

[7] Examples of public sector purchasing practices identified in a Cabinet Office consultation regarding the proposed legislation in 2014, before it was enacted, included over-complicating requirements and 'gold-plating' specifications, being over-prescriptive for lower value procurements, complex tender documentation, and making inappropriate use of framework agreements when they can be a barrier for small businesses, and internal decision making procedures.

[10] Under the rules introduced in April 2017, all large UK companies are required to publish specific information regarding their payment policies, practices and performance, including the average time taken to pay supplier invoices, twice yearly.

[10]: Regulation 1(3) This article relating to law in the United Kingdom, or its constituent jurisdictions, is a stub.