Oral Answers to Questions

Stephen Metcalfe Excerpts

Tuesday 19th March 2019 Commons Chamber

[Ben Bradley (Mansfield) (Con)]

5. What recent steps he has taken to support small businesses.

[Stephen Metcalfe (South Basildon and East Thurrock) (Con)]

12. What recent steps he has taken to support small businesses.

[Henry Smith (Crawley) (Con)]

23. What recent steps he has taken to support small businesses.

--- Later in debate ---

[Kelly Tolhurst]

My hon. Friend is right. High streets are changing, and the Government are committed to helping communities adapt. In the Budget, we set out our plan for high streets, with a £1.6 billion package to support the sustainable transformation of our high streets, which includes the future high streets fund. My hon. Friend is a passionate campaigner for his town, and I would very much welcome the opportunity to hear his proposals for the regeneration of Mansfield town centre, coupled with the investment and plans already being put in place through the growth deal.

[Stephen Metcalfe]

Will the Minister join me in acknowledging the welcome focus the Government have put on tackling late payment to small businesses? Will she confirm that improvement in payment times could release billions of pounds back into the economy to ensure that our SME sector remains vibrant and thrives?

[Kelly Tolhurst]

I thank my hon. Friend for his question, and he is quite right. Tackling late payments will indeed do just as he says. It is true that late payments can be extremely damaging for small businesses, and that is why we are committed to tackling it. In his first year, the Small Business Commissioner has managed to collect over £2 million owed to small businesses. In the spring statement last week, we announced a requirement on audit committees to review their payment practices. I look forward, in the very short term, to bringing forward a full package of policy measures to tackle just that.