VerbatimParliament, as it happens

Small Businesses: Billing

Asked by Andrew GriffithConservativeDepartment for Business and TradeTabled Answered 19 December 2024UIN 18414

The question

To ask the Secretary of State for Business and Trade, what budget his Department has allocated to the creation of the award tiers as part of the new Fair Payment Code.

Answered by Gareth Thomas

The Fair Payment Code is administered by the Office of Small Business Commissioner on behalf of the Department of Business and Trade. The Office of the Small Business Commissioner is grant in aid funded by the Department and in 2023/24 received £1.148m in grant funding. As had previously occurred with the Prompt Payment Code, the Fair Payment Code’s operation will be funded from the Office of Small Business Commissioner’s existing budget.

Verbatim has judged this answer against the question that was actually asked — answered, partly answered, or evaded. Sign in to see the verdict →

Open this question in Verbatim →

Every written question, searchable

155,000 questions tabled since the election, with the answer each department gave — and the ones still unanswered, with the clock running. Free to search.

Search written questions →Read on Verbatim