Small Businesses: Credit

Department for Business, Energy and Industrial Strategy written question – answered on 13th March 2017.

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Photo of Douglas Carswell Douglas Carswell UKIP, Clacton

To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps he is taking to support small and medium-sized enterprises in accessing extended credit terms.

Photo of Margot James Margot James Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy)

Extended credit terms from suppliers can help businesses to meet their working capital needs, as can prompt payment from customers. While payment terms are a matter for each business to negotiate with their trading partners, the Government is committed to ensuring that all businesses and entrepreneurs across the UK are able to access the finance and support they need to grow and have the right conditions to invest long-term, as set out in the Industrial Strategy Green Paper.

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