Government Ministers have taken the first steps towards selling the UK's largest online construction supplier database, Constructionline.

"Commercial ownership will allow Constructionline to grow and achieve its full potential, including offering new additional services for the benefit of businesses," a statement from the Department for Business Innovation & Skills (BIS) said.

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Investors are being invited to submit interest for purchasing the service.

A BIS spokesperson said: "Constructionline offers valuable services to the construction industry, particularly small and medium sized businesses. It has grown significantly under Government ownership, and now is the time to enable it to expand further to meet the needs of a changing industry.

"Gaining access to private capital will enable Constructionline to become even more competitive and branch out into new markets. Bids will be welcomed from buyers who plan to grow the services provided by Constructionline."

The site was launched by the government in 1998.

(IT/JP)