Question to the Department for Business, Energy and Industrial Strategy:
To ask Her Majesty's Government, further to the Written Answer by Lord Callanan on 26 February (HL1665), what proportion of businesses who have signed up to the Prompt Payment Code have their (1) procurement and purchasing policy, (2) 'how to get paid' details, and (3) responsible board director, listed on the Prompt Payment Code website.
Data provided by the Chartered Institute of Credit Management states that (1) 6% of Code signatories (153 of 2,472) have provided their procurement and purchasing policy; (2) 49% (1,205 of 2,472) have provided their ‘how to get paid’ details; and 54% (1,329 of 2,472) have provided their responsible board director information for inclusion on the Prompt Payment Code website.