l0T5V3LG
type: Answer
type: WrittenAnswer
answer has question: siDYXw2B
answer has answering person: YWnDvo84
answer text: The proportion of private sector invoices paid within five days and 30 days is published quarterly and can be viewed at: https://www.gov.uk/government/publications/defra-prompt-payment-performance-report. Defra is not able to accurately identify small and medium enterprises (SMEs) in our supplier data and therefore we report on all payments of private sector invoices. The Procurement Bill, currently passing through Parliament, will create a simpler and more transparent procurement regime that will further open up public procurement to SMEs. The Bill includes a new duty on contracting authorities to have regard to the particular barriers facing SMEs. Specifically, the Procurement Bill will imply 30-day payment terms into every sub-contract that is substantially for the purpose of performing a public contract. This will ensure SMEs at every tier of the public supply chain can benefit from faster payments, even if 30-day terms are not explicitly written into the contract.
answer given date: 2023-03-27+01:00
answer has answering body: 5LQ5Ar74
written answer has answering body: 5LQ5Ar74