Public Bodies: Prompt Payment

House of Lords written question – answered on 7th April 2010.

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Photo of Lord Hunt of Wirral Lord Hunt of Wirral Shadow Minister, Business, Shadow Minister (Business, Innovation and Skills)

To ask Her Majesty's Government whether they plan to extend the prompt payment code to apply automatically to non-departmental public bodies.

Photo of Lord Davies of Abersoch Lord Davies of Abersoch Minister of State, Foreign and Commonwealth Office, Minister of State, Department for Business, Innovation and Skills, Minister of State (Department for Business, Innovation and Skills) (Trade, Investment and Small Business) (also in the Foreign and Commonwealth Office), Minister of State (Foreign and Commonwealth Office) (UK Trade and Investment) (also in the Department for Business, Innovation and Skills)

The prompt payment code is a voluntary code developed and managed by the Institute of Credit Management (ICM).

We encourage all public sector bodies and private sector businesses to become signatories to the code.

The list of signatories is provided in the Institute of Credit Management website at http://www.prompt paymentcode.org.uk.

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