Making it easier to do business
Get paid on time
We know late payment of invoices and long payment terms are key issues that businesses, especially SMEs, highlight as a barrier to their growth.
If you are looking to sell goods and services to government departments, learn more about the government prompt payment policy, which includes the measures in place to tackle late and unfair payment practices from a government buyer and government supplier perspective.
This is why the UK Government announced the Payments and Cash Flow review to look at measures to tackle late payment of invoices to support small businesses and grow the economy.
If you’re having issues with late payments as a small business, you can get guidance from the Small Business Commissioner including raising a complaint.
Sell products and services to the public sector
Small businesses will benefit from one of the largest shake ups to procurement regulations in UK history.
This will deliver simpler, more effective public sector procurement, and help SMEs secure a greater share of approximately £300bn of expenditure per year. For an overview of the Procurement Act 2023, watch the ‘Knowledge Drops’ series.
Find out how to sell products and services to the public sector.
Sign up to Contracts Finder for free to save searches, ‘watch’ notices, and get email updates regarding upcoming contract opportunities.
You can also find information on government’s commitment to support start-ups and small businesses via government procurement, and commit to paying them on time.