§ Mr. Fatchett
To ask the President of the Board of Trade, pursuant to his answer of 18 November,Official Report, column 225, on late payments to small businesses, what is the value of his Department's financial support for the pilot prompt payment initiatives; and if he will list the three trade associations involved in the initiatives.
§ Mr. Leigh
The three trade associations contracted for the prompt payment initiatives are:
- The Mechanical and Metal Trades Confederation
- Walsall Chamber of Commerce and Industry
- The Federation of Master Builders
Funding will be met as required, subject to a maximum spend by the Department of £90,000.