Question to the Cabinet Office:
To ask the Minister for the Cabinet Office, what the target time is for the Government to make payments to small and medium-sized enterprises; and (a) how many and (b) what percentage of payments by the Government met that target in 2018.
Government policy is to pay 80% of undisputed supplier invoices within a 5 day target, with the remaining to be paid within 30 days, as required by the Public Contracts Regulations
In October 2018, the government announced the ambition that all departments commit to paying 90% of undisputed invoices from SMEs within 5 days. Officials are working with departments to explore how finance systems are able to accomplish this
Departments are required to publish their prompt payment performance on a quarterly basis on GOV.UK.