Page last updated at 15:55 GMT, Tuesday, 21 February 2012

Finance statement

A change to the Welsh public procurement policy will make it easier for smaller, local businesses to bid for public sector contracts, the finance minister announced on 21 February 2012.

Jane Hutt AM made a statement in the chamber on the final release of the Supplier Qualification Information Database (SQuID).

"The roll-out of SQuID will help us to break down barriers for smaller suppliers and ensure that all Welsh businesses, regardless of their size, have access to public sector contracts," Ms Hutt told AMs.

"In the last 10 months the SQuID approach has helped Wales based businesses to win 45 of the 67 construction contracts or framework places awarded, potentially worth £755m."

Conservative business spokesperson Paul Davies AM welcomed the announcement as he stressed that investing in procurement skills will strengthen the chances of smaller local businesses being able to compete and win contracts.

Alun Ffred Jones AM argued that it is time for decisions in the field of procurement as too many reviews have been carried out with out any action.

Liberal Democrat AM Eluned Parrott highlighted the importance of having a sophisticated measuring tool in place to distinguish between distinguish between truly indigenous Welsh companies and those with a small office in Wales.

Read this in Welsh.

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