Georgia Gould

Georgia Gould

Labour — Queen's Park and Maida Vale

Speaking in the House of Commons on 5 December 2024

Debate

Public Procurement Reform

Contribution

It is critical that we open up public procurement to small businesses. As I have said, £300 billion is a huge amount of public money, and the opportunity to ensure that small and medium-sized enterprises have access to that is also critical. As my hon. Friend said, SMEs are rooted in our communities, and provide local, often good-quality jobs. We are taking action now to crack down on late payments that hit the cash flow of small businesses. The Chancellor announced recently that companies bidding for large Government contracts would be excluded from the procurement process if they did not pay their own suppliers within an average of 45 days.

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