🚀 How can the public sector accelerate innovation? Look to KIBS.
At IPEC, we’ve recently released an analysis on one of the public sector’s most powerful yet underleveraged innovation partners: Knowledge-Intensive Business Services (KIBS).
From IT and R&D to consultancy and accountancy, KIBS firms have become key engines of innovation in public service delivery. Our research dives into their role in UK public procurement, revealing striking insights about growth trends, regional dynamics, and untapped opportunities.
📌 Key takeaways:
â—¾ Digital & tech-driven firms (T-KIBS) are thriving in central government contracts
â—¾ Professional services (P-KIBS) are supporting transformation across local and regional authorities
◾ Innovation is booming but it’s not evenly distributed geographically
💡 The public sector can go further by:
â—¾ Streamlining procurement to make it more SME-friendly
â—¾ Embedding innovation as a core procurement goal
â—¾ Encouraging regional KIBS participation to support local economies
📖 Read the full report here: https://lnkd.in/dUyKQSGz
{hashtag|#|Innovation} {hashtag|#|PublicProcurement} {hashtag|#|KIBS} {hashtag|#|DigitalTransformation} {hashtag|#|PublicSectorInnovation} {hashtag|#|UKGovernment} {hashtag|#|SMEs} {hashtag|#|IPECResearch}
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