These will apply from 1 January 2020 for two years.
We have set out below a table of the relevant thresholds for universities and colleges, which have all increased.
If the UK leaves the EU, the thresholds will be set by the Cabinet Office.
|
Existing threshold (until 31 December 2019) |
Revised threshold (from 1 January 2020) |
Works contracts | £4,551,413 (€5,548,000) | £4,733,252 (€5,350,000) |
Supply and services contracts | £181,302 (€221,000) | £189,330 (€214,000) |
Services concerning social and other specific services (including education and training services) | £615,278 (€750,000) | £663,540 (€750,000) |
Works or services concession contracts | £4,551,413 (€5,548,000) | £4,733,252 (€5,350,000) |
A full list of the corresponding values of the thresholds, in currencies other than Euro, can be found on the EUR-Lex site.