Local campaigner welcomes progress as Government triples small business Prompt Payment pledge

The news has been welcomed by business groups, including the Federation of Small Businesses and the Forum of Private Business.

The Prompt Payment Code is a code of conduct which commits signatories to pay suppliers on time, give clear guidance to suppliers and to encourage good practice.

Jennifer commented: “This is great news for small businesses across Newcastle. As somebody that works in business I know how vital prompt payment is and I am pleased the Government has taken action.  This measure alone is not the only answer to a problem, but hopefully it will help small businesses to maximise their cash flow.”