Oral Answers to Questions
Debate between Bill Esterson and Georgia Gould(3 weeks, 2 days ago)
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Georgia Gould
It is critical that we open up public procurement to small businesses. As I have said, £300 billion is a huge amount of public money, and the opportunity to ensure that small and medium-sized enterprises have access to that is also critical. As my hon. Friend said, SMEs are rooted in our communities, and provide local, often good-quality jobs.
We are taking action now to crack down on late payments that hit the cash flow of small businesses. The Chancellor announced recently that companies bidding for large Government contracts would be excluded from the procurement process if they did not pay their own suppliers within an average of 45 days.
Bill Esterson
The last Government promised to give more contracts through procurement to small businesses, but failed to do so for 14 years. Instead, they chose to use Government contracting to support their mates through covid. Will the Minister confirm that this Government will use the power of Government spending to contract directly with small businesses to support local companies and economies across the country, in stark contrast to the Conservative party’s enrichment of their mates?
Georgia Gould
As I have said, we will work hard to ensure that public contracts are supporting small businesses. I have spent a lot of time talking to them about how we can do that through the new public procurement policy and the measures in the policy statement. This week the Chancellor announced the appointment of a new covid corruption commissioner, who will be taking action to recover public money.