This item is featured in:
External links:
Creating a responsible payment culture: a call for evidence in tackling late payment

- Document type
- Paper
- Corporate author(s)
- Great Britain. Dept. for Business, Energy and Industrial Strategy
- Publisher
- Department for Business, Energy and Industrial Strategy
- Date of publication
- 4 October 2018
- Subject(s)
- Small business & enterprise: the practicalities of running a small business and the theory of entrepreneurship
- Collection
- Business and management
- Material type
- Reports
Download (641KB )
Your use of this content is subject to the terms and conditions of this portal
As of 2017, the amount owed to smaller businesses in late payments more than halved from the previous 5 years. The level of late payment debt owed to small and medium-sized businesses remains far too high and many small firms still have no choice but to trade on terms which are too long, imposed on them by larger customers.
This call for evidence seeks views on what more the government can do to create a responsible payment culture, including:
- the current experiences of businesses in their payment practices;
- the impact of existing measures to improve payment practices and what more can be done to further refine measures and promote good practice; and
- whether new measures should be introduced to further encourage a responsible payment culture.
Related to Small business & enterprise: the practicalities of running a small business and the theory of entrepreneurship
Motivations to scale: how European entrepreneurs think about growth and finance
Downloadable report aiming to explain why few startups scale
BEIS small and medium enterprises sme action plan
Downloadable report on the SME Action Plan
Business support evaluation framework
Downloadable report on the BEIS Business Support Evaluation framework
Law Commission report on consumer prepayments on retailer insolvency: government response
Downloadable report on consumer prepayments on retailer insolvency
Share this page
Please consider the environment before printing