Topical Questions

Part of Business, Energy and Industrial Strategy – in the House of Commons on 3rd March 2020.

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Photo of Paul Scully Paul Scully Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy), Minister of State (London)

I thank my hon. Friend for that question. We will be strengthening the Small Business Commissioner’s powers. We already have a tough approach to large companies that do not comply with the payment practices and reporting duty. We are strengthening and reforming the prompt payment code and moving administration to the Small Business Commissioner. The business basics fund competition encourages SMEs to utilise payment technology and boost productivity, and the winners will be announced in April.