Oral Answers to Questions

Debate between Caroline Nokes and Neil Parish

Wednesday 5th July 2017 Commons Chamber

[The Parliamentary Under-Secretary of State for the Cabinet Office (Caroline Nokes)]

Since 2015, we have worked closely with the Government’s major strategic suppliers to encourage them to sign up to the prompt payment code. I am pleased to say that all 32 strategic suppliers that we targeted in 2015 have now signed up.

[Neil Parish]

Will my hon. Friend explain to me exactly how we are speeding up payments to companies? Cash flow from Government contracts is so important. Also, is there a way to make sure that Government contracts are of a size such that small and medium-sized companies are more able to bid for them?

[Caroline Nokes]

We know how important prompt payment is to smaller businesses, and we are committed to making further improvements to payment practice. We are working to remove all barriers facing small and medium-sized enterprises bidding for Government contracts, and we are committed to increasing spend with SMEs, both directly and through the supply chain. We have also opened the free-to-use Contracts Finder website for suppliers to advertise subcontracting opportunities.