Question to the Department for Business, Energy and Industrial Strategy:

To ask Her Majesty's Government (1) what percentage of large businesses operating in the UK are signatories to the Prompt Payment Code; and (2) what target they have set, if any, for the percentage of such businesses to be signatories to the Code.

The Government does not hold precise figures on the number of large businesses signed up to the Prompt Payment Code.

The Government has not set Code sign-up targets, but we are fully committed to ensure as many businesses as possible sign up to the Code. We will shortly begin engagement with current signatories on the reform and strengthening of the Code.