Forum of Private Business welcomes additional late payment powers being given to Small Business Commissioner

Business support organisation, the Forum of Private Business, has welcomed the announcement from the Business Secretary that additional powers are being given to the Small Business Commissioner to address the issue of late payment of invoices to small businesses.

Late payment, principally by large corporates, has a major impact of the cash flow of small businesses, and is an issue that the Forum has lobbied hard on addressing.

In responding to the announcement, CEO of the Forum, Ian Cass said, “The Forum of Private business has been campaigning for better payment practices since they were formed in the 1970's. We want to encourage government to put the mechanisms in place to create a change in the UK’s payment culture and are supporters of the pay in 30 days campaign.

Since the appointment of the Small Business Commissioner, the Forum of Private Business has been calling for the role to be given more powers, firstly to investigate and survey businesses about bad payment practices, secondly to be given some teeth, with powers to fine persistent late payers and thirdly to make sure that the prompt payment code is correctly applied and governed so that we avoid issues, similar those we had with Carillion and other businesses who run early payment schemes while regularly paying suppliers in over 90 days”.

Notes to Editors

Image of Ian Cass attached

Contact: Ian Cass

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About Forum of Private Business

The Forum of Private Business is a not-for-profit comprehensive business support organisation founded in 1977. Our membership is spread throughout the UK and primarily made up of companies that employ between 1-50 employees, helping them to manage employees, saving time, giving advice, support and protection where a business needs it. We are a recognised leading authority on business issues and represent the interests of business owners on many consultative bodies. We have built a solid reputation, being influential in many areas of policy-making, in changing laws that affect small businesses, and we continue to campaign for the fair treatment of businesses within the UK. Everything we do is about making sure our members’ businesses operate profitably. This means that every penny we make goes back in to supporting our members, providing the support and resources that will enable businesses to flourish and grow.

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