Georgia Gould

Georgia Gould

Labour — Queen's Park and Maida Vale

Speaking in the House of Commons on 6 March 2025

Debate

Public Procurement: Support for SMEs

Contribution

I really welcome this question. It is so important to small businesses that they are paid on time—I have heard time and again that late payments threaten their very existence. The construction playbook states that project bank accounts “should be used unless there are compelling reasons not to.” We are determined to crack down on late payments. We have announced regular spot checks on prompt payments throughout our supply chains, and in the Budget the Chancellor said that the Government will be required to exclude suppliers from bidding for major contracts if they cannot demonstrate that they pay within an average of 45 days. I welcome my hon. Friend’s work on this matter, and I very much enjoyed meeting her to discuss it. I know that she has built a wide coalition, and I hope we can continue to work together on these important issues.

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