To ask His Majesty's Government what assessment they have made of the impact on small businesses of early payment schemes.
Answered on
30 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.
Answered by
Department for Business, Energy and Industrial Strategy