Small Businesses: Billing
(asked on 16th November 2022) - View Source
Question to the Department for Business, Energy and Industrial Strategy:
To ask His Majesty's Government what assessment they have made of the impact on small businesses of early payment schemes.
Answered by
Lord Callanan
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 30th November 2022
The Government has not made an assessment of the impact on small businesses of early payment schemes.
In July 2021, the Government published an independent review by Nigel Boardman into the development and use of Supply Chain Finance in government.
The Small Business Commissioner, Liz Barclay, has drawn awareness to the potential benefits of how technology can play a key role in managing cashflow and accelerating payments to small suppliers.