Small businesses will be able to maximise their chances of winning £175 billion of public contracts online following the Government’s decision to scrap its policy of charging up to £180 per year to use the portal.

The move follows recommendations made in the Glover review of public procurement, published last November, which said that the public sector was missing out on cost savings and innovative solutions because too few small businesses are able to access contracts.

The Forum of Private Business is advising businesses to go online to maximise their chances of winning public contracts.

Matt Goodman, the FPB’s policy representative said: “Removing the cost barrier to accessing the portal is a significant step towards improving access to public sector contracts and small businesses should register on the site without delay”